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ADB Working Out Country Partnership Strategy For Armenia

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  • ADB Working Out Country Partnership Strategy For Armenia

    ADB WORKING OUT COUNTRY PARTNERSHIP STRATEGY FOR ARMENIA

    10:19, 04 Nov 2014

    President Serzh Sargsyan today received the Vice President of the Asian
    Development Bank (ADB) Wencai Zhang, President's Press Office reported.

    The President praised the ADB's cooperation with Armenia and its
    activities aimed at developing Armenia's infrastructure and ensuring
    steady economic growth. Serzh Sargsyan thanked the bank for supporting
    Armenia for many years and said that Wencai Zhang's visit bore witness
    to the firm relationship between Armenia and the ADB.

    Wencai Zhang expressed satisfaction with the fact that the bank has
    been collaborating with Armenia since 2005 and underscored that the
    ADB was working on the Country Partnership Strategy for Armenia for
    the upcoming 5 years and was ready to support the development of
    priority spheres in Armenia, including infrastructure (transport,
    energy, road construction, urban development, water supply), as
    well as state-private sector cooperation, local technical assistance
    capacity building, promotion of regional collaboration, encouragement
    of investments, export stimulation and development of an innovative
    and knowledge-based economy. Noting that it was his first visit to
    Armenia, Wencai Zhang underlined that he was impressed with Armenia,
    a country with great development potential. He also expressed the
    bank's readiness to organize an investment forum in Armenia which
    will give Armenia's economy the opportunity to attract new foreign
    investments and will stimulate realization of primary projects.

    At the meeting the parties attached great importance to the works of
    the North-South Road Corridor and exchanged views on Armenia's economic
    development opportunities following its accession to the Eurasian
    Economic Union. Wencai Zhang congratulated President Serzh Sargsyan on
    Armenia's accession to the treaty and expressed the opinion that it can
    provide ample opportunities for the development of Armenia's economy.

    http://www.armradio.am/en/2014/11/04/adb-working-out-country-partnership-strategy-for-armenia/

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