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The head of the Armenian office of the EBRD and the vice-premier of Armenia discussed the new cooperation strategy of the RA-EBRD for 2019-2024.

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On July 24, Armenian Deputy Prime Minister Tigran Avinyan received the delegation of the European Bank for Reconstruction and Development, headed by the head of the Armenian office of the EBRD Dmitry Gvindadze.

As the press service of the vice-premier's office reports, the main  topic of the meeting was a discussion of the new strategy of  cooperation between the EBRD and Armenia for 2019-2024. The parties  exchanged views on cooperation, consonant with the country's  development priorities for the next 5 years.  Dmitry Gvindadze  presented to Avinyan the framework, scope and tools of cooperation  provided by the Bank to the private sector.

It was noted that the key areas of cooperation with the EBRD will be  improving the competitiveness of the private sector, improving  management and promoting business environment reforms, as well as  sustainable development of infrastructures.

The EBRD is one of the leading institutional investors in Armenia.  Since the start of EBRD activities in Armenia, namely, since 1992, to  this day, the bank has invested more than 1,241 million euros in 171  projects in the financial, infrastructure, energy and corporate  sectors of the country. Moreover, about 84% of these projects are in  the private sector, an investment package of 310 million euros is in  the process of implementation.

In March of this year. President of the European Bank for  Reconstruction and Development Suma Chakrabarti at a meeting with  Prime Minister Nikol Pashinyan said that in the new cooperation  strategy with Armenia, an important place will be given to programs  to support small and medium-sized businesses.


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