YEREVAN, April 11. /ARKA/. The Asian Development Bank (ADB) has invested $1.9 billion in Armenia’s economy since the launch of its cooperation with Armenia, Luke Forchtman, Deputy Director of the Asian Development Bank’s Armenia Resident Mission, told a press conference today.
“Most of the financing has been provided to the government, but ADB is channeling some funds to the private sector as well,” he said.
Fochtman said the ADB intends to deepen cooperation with Armenia, which joined the bank in 2005.
He said ADB has supported the government’s priorities in the areas of transportation, public sector management, finance, energy, water supply and other urban infrastructure over nearly two decades of cooperation.
“We are also looking at new areas of cooperation, particularly in health and education,” he said.-0-
