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

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

LATEST NEWS

spot_imgspot_imgspot_img