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.
