Tuesday, January 22 2019 18:13

ArmInfo.On January 22, in the framework of the World Economic Forum in Davos, Prime Minister Nikolay Pashinyan met with President of the European Bank for  Reconstruction and Development (EBRD) Sumantra Chakrabarti.According  to the press service of the Prime Minister's Office, Nikol Pashinyan  highly appreciated the cooperation between the RA Government and the  EBRD and noted the importance of its further expansion.

According to Pashinyan, the programs implemented by the EBRD are  important for the reforms initiated by the Armenian government and  the economic development agenda of the Republic of Armenia, in  particular, stimulating the competitiveness of the private sector,  developing the capital market, managing solid waste, improving water  supply systems, urban lighting, etc. pointed out the Armenian Prime  Minister, the steps of the government are aimed at implementing an  economic revolution, and in this regard, active and productive  cooperation with the EBRD may be important.

Sumantra Chakrabarti stressed that the EBRD is ready to continue  promoting the initiatives of the Armenian government in various  fields. The head of the EBRD informed that in March his visit to  Armenia is planned with a view to discuss a new strategy of  cooperation with the Republic of Armenia in the context of the  changes that have taken place in the republic. In the new strategy,  as he pointed out, an important place will be given to SME  development programs. 

Noting the readiness to support reforms of the Cabinet of Ministers  of Armenia, the President of the EBRD stressed that this assistance  would be both financial in nature and advisory.The European Bank for  Reconstruction and Development (EBRD) was established in 1991 after  the end of the Cold War in order to build a new era in Central and  Eastern Europe. The EBRD invests in projects that contribute to the  transition to an open market economy, as well as the development of  private and business activities.