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EBRD President Sir Suma Chakrabarti To Visit Armenia

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  • EBRD President Sir Suma Chakrabarti To Visit Armenia

    EBRD PRESIDENT SIR SUMA CHAKRABARTI TO VISIT ARMENIA

    YEREVAN, July 17. / ARKA /. The President of the European Bank for
    Reconstruction and Development (EBRD), Sir Suma Chakrabarti will
    arrive on his first official visit to Armenia on 18 July, during his
    tour of the South Caucasus countries.

    During the 2-day visit Mr. Suma is to meet with Armenia's government
    officials, including President Serzh Sargsyan, Prime Minister
    Tigran Sargsyan, Minister of Economy and Armenia's governor to EBRD,
    Vahram Avanesyan, the Minister of Finance, Davit Sargsyan; the Mayor
    of Yerevan, Taron Markaryan; the Chairman of Central Bank, Artur
    Javadyan as well as the representatives of the local partner banks
    and businesses.

    Sir Suma Chakrabarti's visit to Armenia coincides with the 20th
    anniversary since EBRD commenced its activities in Armenia which the
    Bank marks this year, with a press conference on Friday, 19th July
    at 17:30 at the Elite Plaza Building to be followed by a reception.

    Suma Chakrabarti was elected EBRD president in 2012 and assumed his
    position on 3 July becoming the sixth President of the Bank. Earlier,
    Sir Suma held the post of Permanent Secretary at the Ministry of
    Justice of the United Kingdom and before that he was holding the
    same post in the Ministry of International Development. He is a
    graduate of Oxford and Sussex universities and has worked in the
    British government from 1984 and was awarded the title of Knight of
    the Order of the British Empire.

    The EBRD has been active in Armenia since 1993 and to date has
    invested over ~@656 million into 120 projects. Based on the current
    EBRD country strategy for Armenia approved in May 2012, the Bank's
    key priorities are to develop the financial sector and improve access
    to finance especially for MSMEs, to improve municipal and transport
    infrastructure, to develop agribusiness and high value-added industrial
    companies and support sustainable energy and mining projects with
    high standards of environmental and social protection.

    In 2012, the EBRD signed 15 projects worth a total of ~@94 million
    in Armenia.-0-

    - See more at:
    http://arka.am/en/news/business/ebrd_president_sir_suma_chakrabarti_to_visit_armen ia/#sthash.XBYsKWP2.dpuf

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