ArmInfo.On July 10, Armenian Minister of Economic Development and Investments Artsvik Minasyan met with the director of the Armenian office of the Asian Development Bank (ADB), Shane Rosenthal. According to the press service of the ministry, Artsvik Minasyan thanked the ADB for consistent assistance and presented the current work on joint programs. During the meeting, issues related to ADB's technical assistance for the development of exports and innovations in the industrial sector of Armenia were discussed.
Mr. Minasyan stressed the importance of ADB's assistance in strengthening the capacities and introducing new tools. The parties also touched upon issues related to public-private partnership, effective use of financial opportunities and support for exports.
As of April 2018, the bank approved 28 loans for $ 1.37 billion and 27 technical grants for $ 15.7 million. 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.
