YEREVAN, September 11. /ARКА/. During a meeting on Thursday, the Armenian Government approved a loan agreement with the EIB for the Armenia – Sustainable Syunik program, which is part of the Special Investment Window of the Neighborhood and Enhanced Partnership Instrument+ (NIP+) totaling EUR 50 million.
As per the rationale, the agreement was finalized on July 16, 2025, and the program is designed to deliver targeted support through multi-sector investments in the Syunik region, addressing the socio-economic challenges that have emerged from recent conflicts. The initiative focuses on communities in Syunik that have been severely impacted by the war, particularly those areas accommodating displaced individuals or recovering from the conflict’s aftermath.
The program will offer effective technical assistance and oversight for the implementation and monitoring of its subprograms. These subprograms will prioritize infrastructure improvements, specifically in water supply, healthcare, and education, with the goal of enhancing community resilience and fostering economic recovery.
Key investment areas within the program include enhancing access to quality health services, providing quality technical and vocational education, and developing water supply systems for both communities and households. Additionally, the program aims to improve economic and employment opportunities, as well as access to quality services for conflict-affected and displaced individuals, particularly in healthcare and livelihoods.
Furthermore, the program plans to reconstruct medical and educational facilities, modernize water supply infrastructure, enhance energy efficiency, and provide professional guidance to ensure effective management of the program.
The launch of the Sustainable Syunik – Team Europe initiative is also part of this effort, aimed at fostering sustainable socio-economic and institutional development in the Syunik region.
