Thu, 18 September
21.1 C
Yerevan
USD: 382.94 RUB: 4.61 EUR: 453.25 GEL: 141.01 GBP: 522.45

Capital market development in Armenia discussed with ADB and the French development agency

YEREVAN, December 5. /ARKA/. Sevak Mikaelyan, Deputy Minister of Economy of Armenia, met with a joint mission from the Asian Development Bank (ADB) and the French Development Agency (AFD) yesterday.

During the meeting, issues related to the budget support credit program, jointly implemented with the ADB and AFD, were discussed, along with the capital market development program, according to the press service of the Ministry of Economy of Armenia.

The parties emphasized the importance of the consistent implementation of initiatives aimed at developing the capital market.

About the Asian Development Bank

Since its partnership with Armenia began in 2005, the Asian Development Bank (ADB) has invested $1.9 billion in the Armenian economy. ADB is committed to fostering prosperity, inclusivity, resilience, and stability in the Asia-Pacific region, while continuing its efforts to eradicate extreme poverty. Established in 1966, ADB is owned by 68 member countries, 49 of which are from the region.

About the French Development Agency

The French Development Agency (AFD) has been present in Armenia since 2013, participating in projects that support the fight against climate change and promote a just and inclusive transition. The organization works in the areas of sustainable management and conservation of natural resources (irrigation, forests), urban infrastructure (transport, water supply, waste management, pollution control), energy transition (renewable energy, energy efficiency, and energy sector reform), and public financial management.

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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

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

LATEST NEWS

spot_imgspot_imgspot_img