Armenia and ADB
In the Spotlight
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Trade Finance Key to Modernizing Economies in Central Asia and the Caucasus
Supporting financial institutions is important as countries in Central Asia and the Caucasus work to reform and modernize their economies, says ADB's Nana Khurodze.
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Armenia: Economy
Despite an unfavorable external environment, Armenia’s economy managed to grow by 3.0% in 2015. Weak domestic demand helped contain inflation and improve external accounts but exacerbated the budget deficit.
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ADB Signs $1 Billion Cofinancing Agreement with Eurasian Development Bank
ADB has signed a $1 billion framework agreement with the Eurasian Development Bank to expand cofinancing activities in Armenia, Kazakhstan, Kyrgyz Republic, and Tajikistan. The agreement was signed by ADB President Takehiko Nakao and EDB Chairman Dmitry Pankin.
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ADB, IDeA, Gyumri Project Hope Co-organize Gyumri Development Forum
ADB’s Armenia Resident Mission, in conjunction with the IDeA Foundation and Gyumri Project Hope Foundation organized a forum on the current state of the city and plans of action for its future.
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.
Latest
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Supporting financial institutions is important as countries in Central Asia and the Caucasus work to reform and modernize their economies, says ADB's Nana Khurodze.
Trade Finance Key to Modernizing Economies in Central Asia and the Caucasus -
ADB is administering over $1.5 billion in funding for projects and programs operating across Asia and the Pacific under the various Climate Investment Funds windows.
The Asian Development Bank and the Climate Investment Funds: Country Fact Sheets -
ADB Trade Finance Program Lends First-Ever Revolving Credit in Armenia
ADB Trade Finance Program approved its first-ever trade loans in Armenia under its Revolving Credit Facility loans which support pre-shipment and post-shipment trade transactions, were extended to three Armenian banks.
Projects in Armenia
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30%
Population living below the national poverty line in Armenia (2014)
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-0.3%
Average annual population growth rate in Armenia (2010-2015)
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3
Population in Armenia, in millions (2015)
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25
Maternal Mortality Ratio in Armenia, per 100,000 live births (2015)
