Armenia and ADB
In the Spotlight
ADB Trade Finance Program (TFP) launched a two-day workshop for trade finance professionals in Tashkent. A total of 48 participants representing 36 banks from seven Central Asia and Caucasus countries attended the workshop.
ADB has approved $90.5 million in a loan and a technical assistance grant to improve infrastructure operation and sustainability in Armenia through reforms in the road, water, and power sectors.
The Climate Investment Funds support would enable Armenia to scale up certain renewable energy technologies consistent with its investment plan at reduced cost.
The overarching goal of ADB's country partnership strategy, 2014-2018 for Armenia is to help integrate its economy into the region, and to rebalance it toward more resilient, inclusive, and environmentally sustainable growth. Efforts to realize these goals include improving domestic and cross-border transport links, upgrading secondary towns based on integrated urban development plans, and improving the country’s energy security.