ArmInfo. RA Deputy Prime Minister Tigran Khachatryan received a delegation led by World Bank Vice President Guangjie Chen, who arrived in Armenia for the 17th UN Conference on Biological Diversity. World Bank Country Manager for Armenia Fabrizio Zarkone also attended the meeting.
According to the government's press service, welcoming the guests, the Deputy Prime Minister praised the World Bank's commitment to providing the necessary financial and technical resources to enhance climate resilience and make the green transition more accessible to countries. In this context, Tigran Khachatryan expressed hope that, as a result of joint work, it will be possible to translate the goals discussed at COP-17 into collaboration with the World Bank on specific programmatic initiatives.
During the meeting, the parties discussed in detail areas of current bilateral cooperation that are important in terms of climate change and environmental protection. In particular, they exchanged views on renewable energy sources and, in this context, on ongoing projects aimed at developing energy storage infrastructure, efficient water management, landscape restoration, and preventing land degradation.
In the context of the need to expand funding sources for biodiversity conservation and achieving climate goals, the prospects for using "green" finance instruments and possible cooperation in this area were also discussed.
