Sun, 3 August
36.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Asian Development Bank offers Yerevan Municipality to expand cooperation

YEREVAN, March 15. /ARKA/. Yerevan Mayor Hrachya Sargsyan received today a delegation of the Asian Development Bank (ADB), led by Deputy Director of ADB Armenian Office Huiping Huang.

The parties highly appreciated the cooperation between the bank and the Armenian capital, the Yerevan Municipality reported

Huang was quoted as saying that ADB is not just a financial institution, but also contributes to the development of modern urban infrastructure, implementation of projects aimed at introduction of green economy and innovative technologies and can be useful for Yerevan in these spheres as well.

Expressing gratitude for the readiness to expand cooperation, Sargsyan attached importance to ADB’s participation in Yerevan’s infrastructure development.

ADB is one of Armenia’s largest multilateral development partners. Since 2005 to date, the bank has provided more than $1.6 billion in financial assistance to support government priorities, including transport, energy, water, and urban infrastructure. In the private sector, ADB has supported utilities and infrastructure, financial institutions, and agribusiness. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img