Wednesday, May 20 2026 16:20
Alina Hovhannisyan

RA Finance Ministry, ADB discussed new directions of cooperation 

RA Finance Ministry, ADB discussed new directions of cooperation 

ArmInfo. Armenian Deputy Minister of Finance Edgar Mkrtchyan received a delegation from the Asian Development Bank (ADB) led by Deputy Executive Director  Llewellyn Roberts.

During the meeting, the parties discussed both ongoing ADB programs  in Armenia and projects planned for the near future. Particular  attention was paid to the launch of the third program, "Fiscal  Sustainability and Financial Market Development," aimed at deepening  economic and fiscal reforms in the country, as well as the details of  the new third program to improve seismic safety.

Mkrtchyan underscored the importance of productive cooperation with  the ADB, as well as the bank's professional consultations and  technical support within the framework of ongoing reforms, serving as  a "knowledge bank." Following the meeting, the participants  reaffirmed their commitment to maintaining close cooperation aimed at  strengthening Armenia's economic resilience and advancing its  strategic development agenda.

Recall, the Asian Development Bank (ADB) is one of Armenia's largest  and most strategically significant partners. The cooperation began in  2005, and since then, the Bank has invested over $2.5 billion in the  country. ADB serves not only as a lender but also as a ' knowledge  bank", providing professional advice and technical support for  ongoing reforms. According to the latest estimates, the Bank expects  Armenia's economy to grow by 4.7% in 2026.