ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Armenia and ADB
ADB partners with Armenia in promoting inclusive, sustainable, and private sector-led growth.
In the Spotlight
Seven Actions Armenia Can Take to Accelerate the Adoption of Electric Vehicles
Armenia is poised to benefit economically and environmentally from electric vehicle adoption, driven by affordable electricity and regulatory reforms. By implementing a comprehensive policy framework, the nation can enhance air quality and reduce dependency on imported oil.
Asian Development Bank and Armenia: Fact Sheet
ADB has been in partnership with Armenia since 2005 and is one of the country’s largest multilateral development partners.
Armenia’s Economy to Moderate in 2024, Rebound in 2025 — ADB
Armenia’s economic growth rate is forecast to slow in 2024 due to a decline in external demand before recovering slightly in 2025, according to ADB.
Armenia's Microfinance Sector at a Glance
Analyzing the financing hurdles facing Armenia’s small businesses, this brief looks at bank lending and considers why universal credit organizations need to be more competitive to gain a larger share of the microfinance sector.
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
Featured
Over the past three decades, Armenia has made great strides in providing electricity to its almost 3 million inhabitants.
Approved/Active
Proposed
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.
What's New
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| Publications, Reports
Plotting from Above: Enhancing Agricultural Mapping in Asia and the Pacific
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| Publications, Reports
Assessment of the Legal Status of Sexual and Gender Minorities in 17 Countries in Asia and the Pacific
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| Publications, Brochures and Flyers
Asian Development Bank and Armenia: Fact Sheet
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| News Releases, News from Country Offices
Armenia’s Economy to Moderate in 2024, Rebound in 2025 — ADB
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| Publications, Reports
Estimating Value-Added Tax Using a Supply and Use Framework: The ADB National Accounts Statistics Value-Added Tax Model
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| Publications, Brochures and Flyers
Armenia's Microfinance Sector at a Glance
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| Publications, Reports
Gendered Impacts of the COVID-19 Pandemic in Central and West Asia: Lessons Learned and Opportunities for Gender-Responsive Public Investments
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| Video
Building Sustainable Communities: ADB and JFPR’s Contribution to the Prosperity of Asia and the Pacific during COVID-19
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)
Fax: +374 10 546374
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:
- New Year's Day: 1, 2 January (Monday, Tuesday)
- Christmas: 5 January (Friday)
- International Women's Day: 8 March (Friday)
- Genocide Victims Memorial Day: 24 April (Wednesday)
- Victory and Peace Day: 9 May (Thursday)
- Day of the First Republic: 28 May (Tuesday)
- Constitution Day: 5 July (Friday)
- New Year's Eve: 30, 31 December (Monday, Tuesday)
Last updated: 3 November 2023