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ARMENIAN PRESIDENT COMMENDS EBRD FOR ASSISTING ARMENIAN GOVERNMENT IN IMPLEMENTATION OF PROJECTS
YEREVAN, July 19. / ARKA /. Armenian President Serzh Sargsyan commended
today the EBRD for assisting the Armenian government in successful
implementation of a number of projects as he welcomed EBRD President,
Sir Suma Chakrabarti, Sargsyan's press office reported.
President Sargsyan praised the more than twenty years of Armenia's
cooperation with EBRD, discussed the upcoming cooperation projects
with the EBRD and expressed hope that the Bank would continue to
assist Armenia's both private and financial sectors.
The two sides also discussed the priorities of Armenia, development
potential of the economy, as well as the current challenges and ways
to overcome them.
For his turn, Sir Chakrabarti, speaking of many years of good
cooperation with Armenia and the implementation of major investment
programs here, spoke about a loan agreement signed with the Armenian
government which, in his opinion, is a good example of interaction
aimed at improvement of water infrastructure in Yerevan.
EBRD President reiterated the willingness of the bank to promote the
deepening of cooperation with Armenia in priority areas.
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/economy/armenian_president_commends_ebrd_for_assisting_arm enian_government_in_implementation_of_projects/#sthash.duuzxMty.dpuf
YEREVAN, July 19. / ARKA /. Armenian President Serzh Sargsyan commended
today the EBRD for assisting the Armenian government in successful
implementation of a number of projects as he welcomed EBRD President,
Sir Suma Chakrabarti, Sargsyan's press office reported.
President Sargsyan praised the more than twenty years of Armenia's
cooperation with EBRD, discussed the upcoming cooperation projects
with the EBRD and expressed hope that the Bank would continue to
assist Armenia's both private and financial sectors.
The two sides also discussed the priorities of Armenia, development
potential of the economy, as well as the current challenges and ways
to overcome them.
For his turn, Sir Chakrabarti, speaking of many years of good
cooperation with Armenia and the implementation of major investment
programs here, spoke about a loan agreement signed with the Armenian
government which, in his opinion, is a good example of interaction
aimed at improvement of water infrastructure in Yerevan.
EBRD President reiterated the willingness of the bank to promote the
deepening of cooperation with Armenia in priority areas.
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/economy/armenian_president_commends_ebrd_for_assisting_arm enian_government_in_implementation_of_projects/#sthash.duuzxMty.dpuf