At I quarter of 2018 EBRD will present a new five-year program of  assistance to Armenia

ArmInfo.At I quarter of 2018, the European Bank for Reconstruction and Development (EBRD) will present a new five-year program of assistance to Armenia.  This was  stated by a member of the Board of Directors, the head of the Dutch  group EBRD Francis Vickers during a meeting with the Minister of  Economic Development and Investments Artsvik Minasyan.

As the press service of the ministry reports, the EBRD representative  noted that in the autumn of this year the members of the Board of  Directors of the Bank will visit Armenia, during which the main  priorities and tasks of further bilateral cooperation will be  determined.

At the end of the meeting, the parties reaffirmed their readiness to  implement joint works aimed at developing cooperation.

EBRD is an institutional investor in Armenia. Since the launch of the  EBRD in Armenia, in particular since 1992, over 1.13 billion euros  have been invested in the implementation of 157 programs in the  financial, corporate, infrastructure, and energy sectors. Moreover,  88% of these investments were directed to the development of private  entrepreneurship.