ADB Appoints New Country Director for Armenia

YEREVAN, April 29. /ARKA/. The Asian Development Bank (ADB) has appointed Lyaziza Sabyrova as its new Country Director for Armenia, effective 1 April 2026.

Ms. Sabyrova will lead ADB’s operations in Armenia, oversee the implementation of the bank’s operational approach, strengthen client relationships, and manage a cross-functional resident mission. She will also play a key role in advancing ADB’s strategic priorities in the country, including infrastructure development, private sector-led growth, human development, and climate and disaster resilience.

“I am honored to take on this role and further strengthen ADB’s partnership with Armenia,” said Ms. Sabyrova. “Building on our strong foundation, we will continue working closely with the government and partners to support sustainable, inclusive, and resilient development.”

Ms. Sabyrova brings more than 30 years of professional experience, including over two decades with ADB. She joined ADB in 2000 as an economist in the former Water Supply, Urban Development and Housing Division, and has since held progressively senior roles across operations departments. She served as senior country economist in the Kyrgyz Republic Resident Mission and later as principal regional economist for Central and West Asia.

Most recently, Ms. Sabyrova served as Director and then Regional Head of the Regional Cooperation and Integration Division of ADB’s Central and West Asia operations, where she led major accomplishments, including the implementation of country partnership strategies and the strengthening of regional cooperation.

Prior to joining ADB, Ms. Sabyrova was an associate instructor in the Department of Economics at Indiana University in the United States, where she earned both her master’s and doctorate degrees in economics. 

ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.

spot_img

POPULAR

VTB (Armenia) reports increased demand for agricultural lending products

VTB (Armenia) is reporting increased demand for its "Fast" loan product, designed for clients operating in the agricultural sector.

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Euro rose 2.09 points against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 26, 2026, fell 0.14 points compared to June 25, to 368.12 drams.

Converse Bank and ADB expand access to MSME and sustainable finance in Armenia

Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments.

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

LATEST NEWS

spot_imgspot_imgspot_img