{"id":267928,"date":"2025-11-03T09:16:13","date_gmt":"2025-11-03T05:16:13","guid":{"rendered":"https:\/\/armbanks.am\/?p=267928"},"modified":"2025-11-03T09:16:33","modified_gmt":"2025-11-03T05:16:33","slug":"finance-minister-to-represent-armenia-on-aiib-board-of-governors","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2025\/11\/03\/267928\/","title":{"rendered":"Finance Minister to Represent Armenia on AIIB Board of Governors"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>YEREVAN, November 3. \/AR\u041a\u0410\/.<\/strong> Finance Minister Vahe Hovhannisyan has been appointed as Armenia&#8217;s Governor on the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), according to a decree by RA Prime Minister Nikol Pashinyan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the same decree, RA Deputy Finance Minister Edgar Mkrtchyan has become Armenia&#8217;s Vice Governor on this governing body of the AIIB.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Armenia&#8217;s Participation in the AIIB<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On September 15, 2025, the executive body approved Armenia&#8217;s subscription to the AIIB, which entails the acquisition of stakes in the bank&#8217;s share capital \u2013 75 paid shares (worth $7.5 million, payable in 5 equal installments) and 299 demand shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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&#8217;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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">About the AIIB<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The AIIB&#8217;s core vision is to create a &#8220;green infrastructure&#8221; based on new technologies, capable of responding to modern challenges, and ensuring sustainability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Vahe Hovhannisyan has been appointed as Armenia&#8217;s Governor on the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), according to a decree by RA Prime Minister Nikol Pashinyan.<\/p>\n","protected":false},"author":5,"featured_media":263505,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,9214,9216],"tags":[12688],"class_list":["post-267928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-announces","category-banks-en-en","category-news","tag-armenia-analyst-inflation"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - 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