Armenian Central Bank head prepared to help EBRD carry on its projects here
YEREVAN, September 19. / ARKA /. The chairman of the Central Bank of Armenia, Arthur Javadyan, said yesterday he was prepared to show assistance to the European Bank for Reconstruction and Development (EBRD ) to carry on its projects in Armenia , the Central Bank of Armenia told ARKA.
During a meeting with the outgoing head of EBRD Yerevan Resident Office, Valeriu Razlog , Javadyan commended Mr. Razlog for his input into the successful implementation of the Bank's programs in Armenia.
Javadian singled out the important role of EBRD in the stable economic development of Armenia, saying it has financed numerous effective programs in energy, agribusiness and finance.
Valeriu Razlog was replaced as head of EBRD Yerevan Office by Mark Davis. Valeriu Razlog has been appointed as Senior Banker in the Natural Resources team at the EBRD’s headquarters in London.
During the meeting, Javadyan welcomed Mark Davis, expressing hope for continued cooperation between the Central Bank EBRD.
The EBRD has been working in Armenia since the country gained independence in 1991. Its focus is on helping to diversify the economy by supporting investment in various sectors, as well as supporting the development of the financial sector and small and medium-sized enterprises. The Bank’s priorities in Armenia for the next few years are to continue developing the financial sector and access to finance, upgrading municipal and urban transport infrastructure, developing agribusiness and high value-added, export-oriented industrial companies, improving the regulatory and institutional framework for sustainable energy, and raising corporate governance standards and increasing transparency in the mining sector. To date, the Bank has invested more than EUR 656 million across 120 projects in the country. -0-