Asian Development Bank and Armenia: Fact Sheet

Date: April 2014
Type: Brochures and Flyers
Country:
Subject:
Series: Fact Sheets

Description

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Armenia as well as concise information on ADB's operations in the country and contact information.

ADB has worked with the Government of Armenia since 2005. ADB’s cumulative lending to Armenia as of the end of 2013 amounted to about $753 million for 18 loans. ADB’s multitranche financing facilities and public sector loans in Armenia finance regional road projects, urban transport and development, general public programs, and water supply and sanitation.

In response to the post crisis realities, the increase of employment through creation of quality and high-productivity jobs has been announced as the main objective of the Armenia Development Strategy 2025. It sets the following four priorities: growth of employment, development of human capital, improvement of the social protection system, and institutional modernization of public administration and governance.