Armenia and ADB

ADB partners with Armenia in promoting inclusive, sustainable, and private sector-led growth.

In the Spotlight

 

Armenia Facts

ADB's Work in Armenia

ADB’s draft country partnership strategy (CPS), 2024–2028, for Armenia is fully aligned with the country’s long- and medium-term development strategies and climate agenda. It responds to the country’s evolving priorities, including (i) resilient growth promoted through competitiveness; (ii) a stronger private sector; and (iii) human capital development. ADB’s support focuses on (i) strengthening private sector-led growth; (ii) enhancing governance, institutions, and human capital; and (iii) improving climate and disaster resilience.

As of 31 December 2023, ADB has committed 62 public sector loans, grants, and technical assistance totaling $1.5 billion to Armenia.


 

Data: Armenia

Forecasts are based on ADB's flagship publication, the Asian Development Outlook. Updated four times a year, it analyzes economic and development issues in developing countries in Asia and the Pacific.

Development indicators for Armenia, including a selection of economic, environmental, and social indicators used globally to track progress toward the Sustainable Development Goals.

Results achieved are aggregate amounts of outputs and outcomes from operations reported in project completion reports and extended annual review reports circulated for the year.

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects.

 

ADB Projects in Armenia View all projects

Scaling Up Private Sector Participation in the Infrastructure Sector in the Central and West Asia Region Report

Scaling Up Private Sector Participation in the Infrastructure Sector in the Central and West Asia Region

Information and Communication Technology (ICT) has become a key driver of economic growth in Armenia.

This report provides a detailed assessment and market mapping of the country’s ICT sector. It also discusses best practices for government support and explores potential investment opportunities.

 
 

Contact: Armenia Resident Mission (ARRM)

2 Vazgen Sargsyan St, 7th floor, Kamar Business Center, Yerevan, Armenia

Office Hours: 9:00 a.m. to 6:00 p.m. (Monday to Friday)


Don Lambert (Mr)
Country Director
E-mail
Grigor Gyurjan (Mr)
Senior Economics Officer
E-mail
Zara Solakhyan (Ms)
Finance and Administrative Officer
E-mail

The ARRM opened in 2008 and provides the primary operational link between ADB and the government, private sector, and civil society stakeholders in its activities. ARRM engages in policy dialogue and acts as a knowledge base on development issues in Armenia.

ARRM will be closed on these dates:

Last updated: 3 November 2023