Asian Development Bank and Armenia: Fact Sheet | Asian Development Bank

Asian Development Bank and Armenia: Fact Sheet

Publication | April 2019
Asian Development Bank and Armenia: Fact Sheet

ADB’s country partnership strategy for Armenia will encourage technological modernization and innovation, an improved business environment, private sector investment, and inclusive growth.

ADB has been a development partner of Armenia since 2005 and is one of the country’s largest multilateral development partners.  Cumulative loan disbursements to Armenia amount to $990.4 million. These were financed by regular and Concessional ordinary capital resources (OCR). Effective 1 January 2017, ADB reclassified Armenia as a middle-income country, with access only to market-based OCR.

In October 2018, ADB approved the country operations business plan (COBP), 2019–2021 for Armenia. The COBP is aligned with the Armenia Development Strategy, 2025 and reflects the government’s priority areas as articulated in its program for 2018. The next country partnership strategy is expected to encourage technological modernization and innovation, an improved business environment, private sector investment, and inclusive growth. It will also be an opportunity to step up support for human capital, including education, skills development, and health.

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.