Armenian Finance Minister and head of ADB Yerevan Office discussed Armenia’s loan portfolio

YEREVAN, May 27. /ARKA/. Armenian Finance Minister Tigran Khachatryan and Paolo Spantigati,  the head of the Yerevan Office of the Asian Development Banks (ADB), discussed today ADB’s current and future projects in Armenia, the Finance Ministry’s press service reported.

It said Khachatryan attached importance to the  effective partnership between the Armenian government and ADB.

The two men were said to give special attention to the construction of the North-South Highway, financed by the bank, as well as to the  improvement of the road networks and transport infrastrcuture in Yerevan and beyond.

The sides also touched upon the provision of technical assistance by the ADB to Armenia in  reforming the justice and healthcare sectors.

ADB’s total investments in Armenia totaled $1.6 billion as of late February this year.  ADB, founded in 1966, has 68 members in 49 regions. The Bank aims at achieving prosperity, inclusiveness, flexibility, and stability in Asia and the Pacific, also eradicating extreme poverty. -0-

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

VTB (Armenia) reports increased demand for agricultural lending products

VTB (Armenia) is reporting increased demand for its "Fast" loan product, designed for clients operating in the agricultural sector.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 22-28)

The week in Armenia's financial market was dominated by the debt agenda, Central Bank statements, currency dynamics, and decisions regarding non-cash payments.

Head of Central Bank allowed for a reduction in loan rates in Armenia, but with a caveat

Interest rates on loans in Armenia may decrease if favorable inflation and geopolitical conditions persist, stated Martin Galstyan, Chairman of the Central Bank of Armenia, on Public Television.

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

LATEST NEWS

spot_imgspot_imgspot_img