Thursday, April 11 2024 20:13
Alina Hovhannisyan

ADB intends to expand its areas of activity in Armenia

ADB intends to expand its areas of activity in Armenia

ArmInfo.The Asian Development Bank (ADB) intends to expand its areas of activity in Armenia. Luke  Fochtman, Deputy Country Director of ADB (Asian Development Bank )Armenia Resident Mission stated this during a press conference on April 11, presenting the ADO (Asian Development Outlook).

Noting that the Bank is considering new areas of cooperation, he  pointed primarily to the sectors of education and healthcare. In  particular, an analysis of the health sector was included in the ADO.   According to Mr Fochtman, the industry today faces numerous  challenges that affect the quality and availability of services. He  noted that the introduction of e-health will greatly improve the  quality of services provided, which is very important for a  well-functioning healthcare system.

The deputy head of the ADB-Armenia also emphasized that equal access  of the population to high-quality services is limited by insufficient  funding for the sector. In this regard, he said that the Asian  Development Bank intends to support the government's comprehensive  reforms in the healthcare sector.  In particular, he noted that the  basis of these reforms is the introduction of universal health  insurance,  the full implementation of which in Armenia will start  from 2027. "This is a very good initiative, and the Bank is ready to  work with the government to achieve success," Mr Fochtman said.  The  Asian Development Bank (ADB) has been in partnership with Armenia  since 2005 and remains one of the country's largest multilateral  development partners. As of April 2024, the Bank has implemented  numerous projects in Armenia worth $1.9 billion, which were aimed at  developing the transport, financial, energy, water sectors, and other  infrastructure. 

On February 2, 2023, the government approved the Concept for the  introduction of for universal medical insurance proposed by the  Ministry of Health, according to which the implementation of the  system is planned over the next 4 years.

It was planned that from 2024, all beneficiaries of government orders  would join the system, who would be offered a single package of  services, which would avoid confusion caused by the current system of  differentiated services. Already in 2025, the state will cover the  costs for universal medical insurance for pensioners. And the full  implementation of universal medical insurance is planned from 2027.  The concept notes that the necessary financial resources for  universal medical insurance will come from two main sources: the  state budget and insurance premiums. Funds from the state budget will  be allocated on the principle of co- financing to cover insurance  costs, taking into account the social and medical risks of  beneficiaries.  Meanwhile, independent experts called the Concept  unfinished, crude and not meeting the declared goals and objectives,  which is why it cannot be adopted in the proposed version.