Armenia and ADB
In the Spotlight
Armenia has implemented policies that have produced tangible results, including upgrading its vital water system, with support from ADB.
ADB Board of Directors has approved an $80 million loan to Electric Networks of Armenia CJSC (ENA) to help improve electricity distribution and increase energy independence and efficiency in Armenia.
Weak domestic demand and the onset of deflation slowed growth to 0.2% in 2016 despite a higher fiscal deficit and a narrower trade deficit. With demand likely to remain weak and no room for fiscal stimulus, projections for 2017 and 2018 are for modest growth, low inflation, and further balancing in the current account.
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.
Projects in Armenia
Average annual population growth rate in Armenia (2011-2016)
Population living below the national poverty line in Armenia (2015)
Population in Armenia, in millions (2016)
Maternal Mortality Ratio in Armenia, per 100,000 live births (2015)