ArmInfo.The European Investment Bank (EIB) is ready to consider the possibility of implementing new programs in Armenia. This was stated by EIB Vice President Vazil Hudak during a meeting with RA Prime Minister Nikol Pashinyan.
According to the government's official statement, the Prime Minister noted the importance of cooperation with the EIB and joint investment programs being implemented in various fields. In this regard, Pashinyan emphasized their importance for business circles and citizens of the country, since the programs are aimed at financing the private sector and improving various infrastructure networks. "The RA government is interested in discussing the possibilities of implementing new projects with the European Investment Bank in various areas," the Prime Minister said.
According to the report, in this vein, the interlocutors discussed issues related to the development of infrastructures, including the implementation of new projects in the fields of energy, transport, road construction, water management and the agricultural sector.
To recall, the European Investment Bank is a state financial and credit institution of the European Union to finance the less-developed European regions in the form of long-term loans. It was created in 1958 with the aim of providing loans for the construction and reconstruction of facilities that are of interest to the EU countries. The authorized capital is formed from contributions of the participating countries and amounts to 232.393 billion euros. The European Investment Bank accounts for 3.5% of the external debt of Armenia, which is about $ 904 million. The Bank participates in the solid waste recycling program in Armenia, in technical assistance to improve road safety and other infrastructure projects.