ArmInfo. Armenia's Deputy Minister of Economy Ani Israelyan hosted representatives of the French Development Agency.
The meeting was aimed at outlining further areas of cooperation within public investment management system.
Ms Israelyan briefed the guests on Armenia's investment management system, as well as the current work to improve it.
AFD has been present in Armenia since 2012, financing development projects via sovereign and non- sovereign loans mainly in the sectors of agricultural and territorial development, energy efficiency, and infrastructure. In addition, AFD helps guide public policy reforms and has a mandate for proposing urban development projects.
It's within this context that AFD approved its first project in Armenia in 2013 in the energy sector. It involved a credit line of USD 13.8 million and technical assistance of 1.5 million euros granted to the National Mortgage Company to develop the financing offer for investments in renovation and energy efficiency of housing for disadvantaged families.
