ArmInfo. Yerevan is chosen as the venue for the annual meeting of the European Bank for Reconstruction and Development, which will take place in the spring of 2021. Deputy Prime Minister Tigran Avinyan wrote about this on his Facebook page.
According to him, recently received a decision of the Board of Governors of the Bank, which confirms the intentions of the financial structure to hold annual meeting in the capital of Armenia.
"The annual meeting is the most important event of the Bank. In the spring of 2021, Armenia will be in the center of attention of 69 member countries of the EBRD, as well as guests. This is an important achievement and a worthy assessment of the progress of Armenia in both political and economic spheres. And from now on, we are working to hold this event at the highest level, "the Deputy Prime Minister wrote. Earlier, the head of the Armenian office of EBRD Dmitry Gvindadze reported that 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. 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 the issues of cooperation between Armenia and the EBRD, as well as with the Ministry of Finance, exploring other possibilities," Gvindadze noted.
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.
