Armenian Deputy Prime Minister discusses priority directions of future partnership with ADB Head of Mission

YEREVAN, May 22. /ARKA/. Armenian Deputy Prime Minister Tigran Khachatryan received Donald Lambert, Director of the Asian Development Bank’s (ADB) Armenian office on Thursday, the government press service reported.

It said the sides exchanged views on the current framework of bilateral cooperation, as well as on the priority directions of partnership in the coming years.

The sides discussed a number of directions of current cooperation, including the implementation of the investment program of the North-South transport corridor, as well as cooperation in the field of irrigation infrastructure and efficient management of water resources.

Joint work on improving seismic safety of schools was discussed in detail. The interlocutors, in particular, attaching importance to the consistent cooperation in this direction, noted that it has set new benchmarks in terms of quality and safety of school construction in the country.

About the Asian Development Bank

ADB has provided a total of $1.9 billion in assistance to Armenia since 2005, making it one of the country’s largest multilateral partners in development programs. These include projects in transportation, energy, water, and urban infrastructure, while in the private sector ADB supports utilities and infrastructure, financial institutions, and agribusiness.-0-

spot_img

POPULAR

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (March 23–29)

The week in the Armenian financial market was marked by a combination of fiscal clarifications, regulatory changes, and institutional decisions.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 31, 2026, decreased by 0.38 points compared to March 30, to 377.16 drams.

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

LATEST NEWS

spot_imgspot_imgspot_img