ADB's Work in Armenia
Shareholding and Voting Power
Number of shares held:
31,671 (0.298% of total shares)
70,785 (0.532% of total membership, 0.817% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
ADB has been affiliated with Armenia since 2005 and is one of the country’s largest multilateral development partners.
The Cafesjian Sculpture Garden is located at the base of the Cascade in Yerevan, Armenia. It is design to give a modern setting for large-scale sculptures.
ADB’s country partnership strategy (CPS), 2019–2023 for Armenia targets inclusive, diversified, and transformative growth. It outlines sovereign and nonsovereign financing for priority infrastructure investments in transport, energy, and urban development; knowledge and policy assistance to help reform service delivery in education, health, and financial services; and support for regional cooperation and integration. The CPS is in line with Armenia’s national development program for 2019–2023, which aims to create an export-oriented economy meeting high technological, industrial, and environmental standards. The strategic objectives and the program of the CPS are also aligned with the Government of Armenia’s planned pivot toward borrowing for increased capital expenditure.
Since 2005, ADB has committed 32 loans totaling $1.48 billion (including 10 private sector loans amounting to $291.86 million) and 34 technical assistance grants ADB’s country partnership strategy for Armenia targets inclusive, diversified, and transformative growth by prioritizing infrastructure investments; reforms in service delivery; and regional cooperation and integration. Armenia totaling $20.6 million, including ADB-administered cofinancing. An equity investment of $30 million was also committed in 2018.