ArmInfo. RA Prime Minister Nikol Pashinyan received Asian Development Bank President Masatsugu Asakawa.
According to the Prime Minister's press service, PM Pashinyan highly appreciated the close cooperation formed between the Armenian government and the Asian Development Bank and emphasized that it contributes to the development of infrastructure in our country. Nikol Pashinyan added that the Armenian government is interested in the implementation of new projects, stressing that the development of infrastructure is of primary importance for the government.
Masatsugu Asakawa assessed the cooperation with Armenia to be effective and noted that ADB is ready to expand joint programs.
In this context, the current projects and the possibilities of implementing new school construction projects in the framework of the Seismic Safety Improvement, road construction, health infrastructure development and other directions were discussed.
Established in 1966, ADB is owned by 68 members— 49 from the region.
ADB has supported Armenia through various programs mainly in transport, public finance, school safety, energy, water supply, and urban development since 2005. About 70% of the active sovereign lending portfolio is for transport, helping to develop an efficient, safe, and sustainable road network while improving domestic and cross-border connectivity for Armenia.
To date, ADB has committed 59 public sector loans, grants, and technical assistance totaling $1.3 billion to Armenia.
