YEREVAN, October 26. /ARKA/. Armenian Finance Minister Vahe Hovhannisyan and Asian Development Bank (ADB) Vice President Wempi Saputra discussed prospects for expanding cooperation, including in infrastructure investment and promoting the export of Armenian products.
The meeting took place on the sidelines of COP17, according to the press service of the Armenian Ministry of Finance.
In the coming years, Armenia plans to significantly increase capital expenditures, prioritizing infrastructure development and implementing major investment projects in the context of unblocking regional communications, Hovhannisyan noted.
The parties also discussed prospects for expanding Armenia’s strategic role in the Middle Corridor, as well as launching transport and logistics routes as part of the Crossroads of Peace initiative.
Special attention was paid to opportunities for stimulating Armenian exports and diversifying foreign economic relations. In this context, ADB’s financial instruments and support programs, which could contribute to enhancing the competitiveness of local products and access to new international markets, were discussed.
The Minister highly appreciated ADB’s assistance in preparing and organizing COP17, as well as the technical and expert support provided to the Armenian Ministry of Environment.
The parties emphasized the importance of ADB’s participation in organizing and hosting the “Crossroads of the World” investment forum, scheduled for May 2027.
About the Asian Development Bank in Armenia
Armenia has been cooperating with the Asian Development Bank (ADB) since 2005. According to the bank, as of December 31, 2025, ADB’s cumulative commitments to 79 public sector operations in Armenia, including loans, grants, and technical assistance, amounted to $2.1 billion.
ADB is one of Armenia’s largest multilateral development partners, providing support in transport, energy, water supply, urban infrastructure, and public administration. In the private sector, the bank’s activities cover infrastructure and utilities, financial institutions, and agribusiness.
According to ADB data, disbursements of loans and grants to the public and private sectors in Armenia totaled $1.74 billion as of the end of 2025.
