YEREVAN, February 10. /ARKA/. The Eurasian Development Bank (EDB) aims to increase the volume of investments in Armenian projects, Armen Melkikyan, the head of the EDB Office in Armenia, said at a meeting with Economy Minister Vahan Kerobyan on Wednesday.
According to the press service of the Ministry of Economy, during the meeting major investment projects implemented by the EDB were discussed.
Underlining the great potential of cooperation with EDB, Kerobyan touched upon the new projects, which may be interesting for this international financial institution.
They also discussed the possibility of establishing a logistics center at Verin Lars border crossing (on Georgian-Russian border), which is of great strategic importance for Armenia, as it is the only overland road from Armenia to Russia and beyond.
Earlier, EDB Deputy Chairman Denis Ilyin stated that the EDB is able to invest $100 million a year on average into Armenian projects.
EDB’s country strategy for 2022-2026 envisages total investments of $180mn in projects in Armenia. In 2022 the bank invested $99 million in three projects in Armenia. -0-.
