YEREVAN, May 16. /ARKA/. The European Bank for Reconstruction and Development’s (EBRD) investments in Armenia in 2024 hit the record 400 million euros, Armenian Finance Minister Vahe Hovhannisyan said at a meeting with EBRD President Odile Renaud-Basso in London.
Speaking about Armenia’s participation in the EBRD capital increase process, Hovhannisyan emphasized Armenia’s readiness to support the bank’s mission, the Finance Ministry’s press service reported.
Within the framework of the working visit to London, the Armenian delegation also held meetings with separate expert teams of the EBRD, during which the progress on key infrastructure projects included in Armenia’s portfolio, as well as existing problems were discussed.
The delegation, led by Hovhannisian, includes Yerevan Mayor Tigran Avinian and Minister of Territorial Administration and Infrastructure David Khudatyan.
About EBRD
The European Bank for Reconstruction and Development is one of the leading institutional investors in Armenia. The Bank’s main priorities in Armenia are improving the competitiveness of companies and supporting financial sector intermediation through risk-sharing products.
In total, as of the end of January 2025, the number of EBRD projects in Armenia reached 224, with total investments amounting to EUR 2.6 billion, of which 84% are private sector investments. -0-
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