EDB, RAU launch PPP research and training programme

ArmInfo. The Eurasian Development Bank (EDB) and Russian- Armenian University (RAU) are launching  collaborative research and training programmes focusing on public-private partnerships (PPP). A relevant memorandum was signed by Denis Ilin, EDB Senior Managing Director, and Sergey Kapinos, RAU  Vice- Rector for International Cooperation, the Banks press service reports.

The primary areas of cooperation between RAU and the EDB will  encompass PPP training programmes to equip specialists with the  skills necessary to implement related projects in Armenia and  research aimed at advancing the field of PPPs in the country. Over  the next year, the two institutions plan to release joint analytical  reviews, studies and reports addressing challenges and prospects  related to the development of PPPs, including cross-border projects.

"The EDB has unique expertise in the field of PPPs in its member  countries, having been involved in complex projects in Central Asia.  For example, we implemented the region's pioneering international PPP  project in collaboration with our partners, including the Islamic  Development Bank - the Big Almaty Ring Road. We are committed to  sharing this expertise and conducted several workshops for government  officials and businesses in the Kyrgyz Republic and Tajikistan. The  new phase is our collaboration with RAU, which is expected to yield  long-term results. The establishment of a PPP competence centre at  RAU with the Bank's support and the introduction of educational  products aligned with international standards and market requirements  will help us create an effective element of the PPP institutional  system in Armenia, addressing the need for training specialists in  this domain. And, of course, we are waiting for students to intern,"  said Denis Ilin.

"RAU and the EDB will cooperate through the university's Department  of Economics and Finance, and this collaboration can become key to  developing interactions with development institutions in Armenia.  Given that public-private partnerships are still in the early stages  of development in Armenia, our university has an important role to  play in shaping this sector," added Sergey Kapinos.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial  institution investing in Eurasia. For more than 17 years, the Bank  has worked to strengthen and expand economic ties and foster  comprehensive development in its member countries. The EDB's charter  capital totals US $7 billion. Its portfolio consists principally of  projects with an integration effect in transport infrastructure,  digital systems, green energy, agriculture, manufacturing, and  mechanical engineering. The Bank's operations are guided by the UN  Sustainable Development Goals and ESG principles.  Aigerim Akhanova  +7 (727) 244 40 44, ext. 6147 +77013283898 [email protected]