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  • Armenia EDB Full Member

    ARMENIA EDB FULL MEMBER

    news.am
    April 27 2010
    Armenia

    RA Prime Minister Tigran Sargsyan participated in the signing ceremony
    of an agreement on the presence of the Eurasian Development Bank
    (EDB) in Armenia. The agreement was signed by RA Minister of Energy
    and Natural Resources Armen Movsisyan and EBD Board Chairman Igor
    Finogenov.

    Under the agreement, the EBD is to open an office in Armenia. The
    EBD also signed memorandums of cooperation with the RA Ministry of
    Energy and Natural Resources, ArmRusgasprom, South Caucasus Railway,
    International Energy Corporation and ArmBusinessbank. Speaking at the
    signing ceremony, the RA Premier pointed out that Armenia is not an
    EBD full member. He said that Armenia has a share in the EBD capital.

    He expressed hope that the documents will give impetus to cooperation.

    T. Sargsyan pointed out that Armenia has submitted a number of projects
    to the EBD management. The RA Premier reported the bank will act as
    operator in the utilization of the CIS anti-crisis funds, and the RA
    Government attaches special importance to the documents.
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