Wednesday, January 19 2022 12:27

ArmInfo.In 2021, the investments of the European Bank for Reconstruction and Development (EBRD) in Armenia were a record-breaking- $175 million. This became  known following the meeting of  Minister of Economy of Armenia Vahan  Kerobyan with the Bank's delegation headed by Regional Director  Catarina Bjorlin Hansen .  As Vahan Kerobyan wrote on his Facebook  page, out of the indicated amount, only $20 million falls on public  programs, the remaining amount was directed to the development of the  private sector.

At the same time, the Minister pointed to the growth of the  non-financial sector.  The EBRD is the leading institutional investor  in Armenia. As of September 2021 and since the start of operations in  Armenia (since 1992), the European Bank for Reconstruction and  Development has invested 1.56 billion euros in the implementation of  191 programs in the financial, corporate, infrastructure, and energy  sectors. Moreover, 91% of these investments are directed to the  development of private entrepreneurship.  It should be recalled that  earlier, in an interview with an ArmInfo correspondent Head of EBRD  Armenia Office Dimitri Gvindadze, said that in 2020 the Bank (EBRD)  implemented programs in Armenia totaling 160 million euros. In  particular, he noted that over 90% of EBRD programs in Armenia are in  the private sector, but there are also projects in the financial  sector, energy, infrastructure, etc.