ArmInfo.In 2020, the European Bank for Reconstruction and Development (EBRD) will try to implement about 15 projects in Armenia, the total cost of which will be at least 100 million euros. Head of the Armenian office of EBRD Dmitry Gvindadze said this at a press conference on January 30.
This year, the Bank will also focus on the private sector, however, according to him, cooperation with the state is also envisaged.
In particular, the Bank plans to expand its activities in the energy sector, in view of the interest of the Government of the Republic of Armenia in implementing energy-saving projects. At the same time, together with the EU, it is planned to implement programs aimed at developing the transport sector and urban infrastructure.
"For the implementation of the programs, we are negotiating with the Deputy Prime Minister of Armenia, who oversees Armenia's cooperation with the EBRD, as well as with the Ministry of Finance, exploring other possibilities," Gvindadze said.
It should be noted that Armenia has been a member of EBRD since 1992. The Bank's total investment in the economy of the Republic of Armenia reached 1.4 billion euros. 90% of the Bank's portfolio in Armenia is in the private sector.
