YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.
At the meeting held in Milan as part of the 58th ADB Annual Meeting, Hovhannisyan and Kanda also discussed new areas of bilateral cooperation and financial programs aimed at the economic development of the republic.
Hovhannisyan emphasized the importance of cooperation with the ADB in the context of ensuring sustainable economic development in Armenia.
The ADB President highly appreciated the efforts of the Armenian government aimed at improving financial management and the investment climate, and confirmed the bank’s readiness to continue supporting the country’s priority development areas in the future.
This meeting was an important step in strengthening sustainable and effective cooperation between the Armenian government and the Asian Development Bank, the press service of the RA Ministry of Finance reported.
About the Asian Development Bank
Since 2005, ADB has provided $1.9 billion in assistance to Armenia, making it one of the country’s largest multilateral development partners. These include projects in transport, energy, water, and urban infrastructure, while in the private sector, ADB supports utilities and infrastructure, financial institutions, and agribusiness.
