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Tag: ADB

ADB revises upwards growth forecast for Armenia to 5.2%, from 1.8%

Economy admin -
The Asian Development Bank has revised upwards the growth forecast for Armenia in fiscal year 2021 to 5.2%, from 1.8% predicted earlier, according to its latest Asian Development Outlook 2021 report, released on September 22.

ADB approves $1.3m initiative to help improve land resources management in Armenia

Banks admin -
The Asian Development Bank (ADB) said it has approved a $1.3 million technical assistance (TA) initiative to support Armenia in developing a digital platform to host standardized data on land ownership and other geographic information to help improve land resources management

ADB implementing programs to enhance seismic safety of schools in Armenia

Banks admin -
Prime Minister of Armenia Nikol Pashinyan attended Tuesday the opening of Basic School No. 153 named after Rafael Ishkhanyan in Yerevan, Armenia. The newly renovated and seismically safe school is supported by the Asian Development Bank (ADB)

ADB expects 4% economic decline and 1.4% inflation in Armenia in 2020

Economy admin -
The Asian Development Bank (ADB) has revised its outlook for Armenia’s economy to a 4% decline from the minus 3.5% projected previously, in April, the bank’s press service reported on Tuesday

Asakawa: ADB ready to provide financial assistance and policy advice to Armenia as needed

Economy admin -
Asian Development Bank (ADB) President Masatsugu Asakawa and Prime Minister of Armenia Nikol Pashinyan today discussed the impact of the coronavirus disease (COVID-19) pandemic in Armenia and ADB’s operations in the country, the press service of the ADB reported on Wednesday

ADB approves $2 million grant to support Armenia’s fight against covid-19

Economy admin -
The Asian Development Bank (ADB) has approved a $2 million grant from its Asia Pacific Disaster Response Fund (APDRF) to support Armenia in its fight against the coronavirus disease (COVID-19) pandemic, the press service of the ADB reported on Tuesday

Asian Development Bank and Armeconombank sign $15 million loan agreement to support women-led enterprises

Banks admin -
The Asian Development Bank (ADB) and the Armenian Armeconombank OJSC signed a $15 million loan agreement to increase lending to micro, small and medium-sized businesses owned by women in Armenia, especially in regions outside Yerevan

Armenian president and ADB bank head discuss implementation of joint projects

Banks admin -
Armenian President Armen Sarkissian received Wednesday the Head of the Armenian Office of the Asian Development Bank (ADB) Paolo Spintigati, the presidential press office reports

Armenian deputy prime minister and ADB Yerevan office head discuss further cooperation

Economy admin -
Armenia's Deputy Prime Minister Tigran Avinyan received today the new director of the Yerevan Office of the Asian Development Bank (ADB) Paolo Spantigati.

ADB country director presents five-year partnership strategy to Armenian vice premier

Banks admin -
Armenian Vice Premier Mher Grigoryan received Tuesday newly appointed Asian Development Bank Armenia Country Director Paolo Spantigati, who presented a new five-year ADB-Armenia partnership strategy to the vice-premier, the press office of the Armenian government reports

ADB endorses new 5-year country strategy to support economic diversification, inclusiveness in Armenia

Economy admin -
The Asian Development Bank (ADB) said today it has endorsed a new 5-year country partnership strategy for Armenia focused on increasing economic diversification and ensuring that economic growth benefits all Armenians

Armenian economy minister discusses cooperation expansion prospects with ADB director

Banks admin -
Armenian Economy Minister Tigran Khachatryan received Friday an Asian Development Bank delegation headed by ADB Country Director Paolo Spantigati, the press office of the Armenian economy ministry reports

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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