ArmInfo. France intends to more actively participate in investment programs in Armenia and promote the diversification of the Armenian economy. At its April 29 meeting, the Committee on Economic Affairs of the National Assembly of the Republic of Armenia approved the draft protocol amending the agreement with the Government of the French Republic of May 28, 2018, submitted for ratification by the Armenian government.
Anushik Avetyan, Deputy Minister of Economy of the Republic of Armenia, who presented the document, noted that the protocol was signed in May 2025 and is aimed at deepening Armenian-French relations. Specifically, it envisages the establishment of representative offices of the French Development Agency (AFD) and PROPARCO in Armenia. AFD will continue to finance the public sector (infrastructure, agriculture, and energy), while PROPARCO will finance the private sector through financial institutions (banks) and direct investment. Expertise France, which acts as the state technical cooperation agency, will also expand its operations in Armenia as part of the AFD group. Its primary activities are aimed at supporting public administration, economic development, sustainable development, and the implementation of EU-funded projects, such as the creation of geographical indications for brandy.
