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Time in Yerevan: 11:07,   28 March 2024

Armenian government is interested in development of cooperation with EBRD

Armenian government is interested in development of cooperation with EBRD

YEREVAN, 11 MAY, ARMENPRESS. Prime Minister Hovik Abrahamyan received the delegation led by President of the European Bank for Reconstruction and Development Suma Chakrabarti. As the Department of Information and Public Relations of the Government of the Republic of Armenia reports to “Armenpress”, the Prime Minister attached importance to the role of the EBRD in the programs being carried out in major areas for Armenia’s economic development and mentioned that the government was interested in further expansion and development of the mutually effective cooperation. According to Hovik Abrahamyan, the cooperation between Armenia and the EBRD is expanding year after year, and now the sides are discussing the draft of the new 2015-18 Strategy on Cooperation. The strategy will include three main directions, including promotion of competition in the private sector, development of capital markets and funding with local currency, as well as development of stable and commercialized communal services.

 Expressing gratitude for the cordial reception, the EBRD President stressed that great progress had recently been made in the development of partnership with the Government of the Republic of Armenia. According to Suma Chakrabarti, there have been more investments made in Armenia’s economy via banks as a result of that. Chakrabarti voiced hope that the new strategy on cooperation would allow to expand the amount of funding to be granted for the implementation of various projects in the Republic of Armenia.








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