ArmInfo."Successful results of our work in Armenia make it possible to talk about the possibility of implementing larger programs covering new spheres of the economy," President of the Asian Development Bank (ADB) Takeshiko Nakao said at a meeting with the Armenian Prime Minister Karen Karapetyan on the margins of the International Economic Forum in Baku. Davos.
According to the press service of the RA government, during the meeting the parties discussed a number of programs implemented by the bank in Armenia, including in the field of infrastructure development - transport, road construction, seismic safety, etc. K. Karapetyan presented to the President of the Bank positive economic results of Armenia on the results of the past year and assured that the government will continue the line on implementing reforms. At the same time, the prime minister invited T. Nakao to visit Armenia.
According to the source, an agreement was reached on the visit of ADB President in the first half of 2018. It should be noted that on October 25, 2017, the Board of Directors of the Asian Development Bank approved granting Armenia a loan of $ 40 million, which is aimed at facilitating consistent efforts of the government to strengthen macroeconomic stability and development of financial markets in the country. In total, according to the strategy for 2014-2018. ADB plans to provide financial assistance to Armenia in the amount of about $ 500 million. The funds will be used to support infrastructures, energy and social services to promote the country's flexible, comprehensive and stable development.
To recall, the Asian Development Bank was founded in Manila in 1966 to fight poverty, ensure economic growth and sustainable development through regional integration in Asia and the Pacific. Today the bank has 67 member countries, including 48 from the region. As of 2016, ADB support amounted to $ 31.7 billion, of which $ 14 billion was co-financing.