YEREVAN, November 3. /ARКА/. Finance Minister Vahe Hovhannisyan has been appointed as Armenia’s Governor on the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), according to a decree by RA Prime Minister Nikol Pashinyan.
According to the same decree, RA Deputy Finance Minister Edgar Mkrtchyan has become Armenia’s Vice Governor on this governing body of the AIIB.
Armenia’s Participation in the AIIB
On January 15, 2025, the Armenian government approved a decision to join the Asian Infrastructure Investment Bank (AIIB), acquiring a $37.4 million stake in the bank. Each share is worth $100,000.
On September 15, 2025, the executive body approved Armenia’s subscription to the AIIB, which entails the acquisition of stakes in the bank’s share capital – 75 paid shares (worth $7.5 million, payable in 5 equal installments) and 299 demand shares.
According to the government, the subscription to the AIIB is important in terms of giving new impetus to the Armenian-Chinese political dialogue and creating opportunities for modernizing Armenia’s transport infrastructure through Chinese-financed investments. Joining the AIIB will allow Armenia to participate in major regional investment projects, collaborating with other multilateral and bilateral development institutions.
About the AIIB
The Asian Infrastructure Investment Bank (AIIB) was founded in 2015 by China. It is a multilateral development bank with an authorized capital of $100 billion. Its goal is to promote sustainable economic development in the Asia-Pacific region and create wealth through improved infrastructure in close cooperation with international multilateral and bilateral development institutions.
The AIIB’s core vision is to create a “green infrastructure” based on new technologies, capable of responding to modern challenges, and ensuring sustainability.
