Mher Grigoryan noted key importance of programs implemented jointly  with EBRD 

ArmInfo.Deputy Prime Minister Mher Grigoryan received Regional Director of the European Bank for Reconstruction and Development (EBRD) for the Caucasus,  Moldova and Belarus Catarina Bjorlin Hansen. 

According to the Deputy Prime Minister's Office, Grigoryan noted the  key importance of the programs implemented jointly with the EBRD.

During the meeting, infrastructure development programs were  discussed, in particular, the importance of preparing for the  construction of the Sisian-Kajaran section of the North-South highway  was emphasized.  In this context, the results of the EBRD feasibility  study were discussed.

The parties also touched upon the SME support programs implemented by  the EBRD with Armenian commercial banks as part of the EU economic  and investment plan.

The interlocutors discussed the possibilities of implementing new  joint programs, the importance of projects of regional importance was  emphasized.

It should be noted that since its establishment in the Caucasus in  1992, the EBRD has invested more than 10.64 billion euros in 652  projects in the financial, corporate, infrastructure and energy  sectors of the region, most of which are in the private sector. Until  now, EBRD is a  shareholder (17.73%) of only one Armenian bank,  Ameriabank.   Currently, EBRD is a shareholder of only one Armenian  bank -  Ameriabank (17.73%). Previously (several years ago) it  participated  in the capital of at least five Armenian banks, but  after completing  the mission, he took an exit strategy.  Earlier  (several years ago),  it had its share in the capital of at least  five Armenian banks, but  after completing the mission, but after  completing the mission, it took an exit strategy.  Currently, the  bank is implementing loan   programs with ACBA Bank, ARARATBANK,  Evocabank, INECOBANK,  Ameriabank, IDBANK and Armswissbank.  The EBRD  is co-financing the  Masrik-1 industrial solar power plant and Team  Telecom Armenia, the  largest telecommunications operator in Armenia,  in the amount of $20 million. The EBRD also provides loans to a  number of municipal  programs, including the modernization of the  Yerevan Metro. Another  $35 million was allocated to modernize the  electricity distribution  infrastructure (Green Cities Program) in  the cities of Yerevan and Gyumri. An important factor in Armenia is  considered the  participation of the EBRD together with the EU in the  modernization  of the Meghri checkpoint on the border with Iran, for  which the bank  allocated 10.6 million euros.