ADB says interested in partnership with Armenia

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Economy

30.01.2009, 15:35

The Asian Development Bank (ADB) is interested in a long-term partnership with Armenia, ADB President Haruhiko Kuroda said during the Davos meeting with RA President Serzh Sargsyan.

YEREVAN, January 29. /ARKA/. The Asian Development Bank (ADB) is interested in a long-term partnership with Armenia, ADB President Haruhiko Kuroda said during the Davos meeting with RA President Serzh Sargsyan.

Hailing the RA government’s actions in public administration and effective combination of all instruments, he said the bank is pursuing long-term cooperation with the country.

Thanking Kuroda, the Armenian president greatly appreciated the bank’s contribution to the country. Sargsyan expressed the hope that bilateral relations between Armenia and ADB will develop further.

Later this evening, Sargsyan is to meet Turkish Prime Minister Recep Tayyip Erdogan.

Established in 1966, ADB is composed of 63 member-countries. On September 20, 2005 Armenia became ADB member by joining the Agreement on the Establishment of the Asian Development Bank. The Armenian government and ADB have signed a number of agreements and a memorandum of understanding. The bank has earmarked $83mln for rural road reconstruction and water supply projects in Armenia. Z. Sh. –0--

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