ArmInfo. Armenian Deputy Prime Minister Tigran Avinyan, who participates in the "Silk Road Tbilisi Forum", met on October 22 with the vice president of the Asian Development Bank (ADB) Shixin Cheney.
According to the office of the Deputy Prime Minister, Tigran Avinyan expressed satisfaction with the effective cooperation based on mutual trust, noting that ADB with a package of implemented programs worth more than $ 1.5 billion is one of the important development partners of Armenia. He added that ADB assistance is more substantive in the creation and modernization of economic infrastructures.
Shinkin Chen, in turn, emphasized the importance of further developing cooperation with Armenia, based on the priorities reflected in the country's partnership strategy. The strategy will be discussed by the ADB Governing Council in November this year.
"Given the fact that the meeting took place within the framework of the Silk Road forum, the interlocutors noted the importance of further deepening regional cooperation in the fields of transport and communications. Issues related to public-private cooperation, the development of infrastructures and human capital, public administration reforms and development of the high-tech ecosystem, "the vice premier's office said in a statement.
Armenia joined ADB in 2005 and is part of a group of countries with mixed (concessional and conventional) financing. ADB works to reduce poverty in the Asia-Pacific region by stimulating economic growth and regional integration. In the field of transport, ADB continues to assist Armenia in the construction of the North-South transport corridor, as well as in strengthening transport links between cities with high poverty levels. According to statistics on the bank's website, at the end of 2017, ABR implemented 52 projects in Armenia for a total of $ 1.32 billion, of which $ 635 million was allocated for the development of transport infrastructure, $ 172 million for urban infrastructure and water supply, $ 152 million for finance, $ 142 million in energy, $ 140 million in administrative management.