EDB intends to invest $200-250 million in Armenia in 2025-2026

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Economy

24.02.2025, 09:51

Armenian Finance Minister Vahe Hovhannisyan met with Yaroslav Mandron, Deputy Chairman of the Board of the Eurasian Development Bank (EDB), according to the press service of the Ministry of Finance.

EDB intends to invest $200-250 million in Armenia in 2025-2026

YEREVAN, February 24. /ARKA/. Armenian Finance Minister Vahe Hovhannisyan met with Yaroslav Mandron, Deputy Chairman of the Board of the Eurasian Development Bank (EDB), according to the press service of the Ministry of Finance.

The counterparts discussed the investments made by the Eurasian Development Bank in Armenia, which amounted to $328 million in 2022-2024, with accumulated investments totaling $488 million.

"The EDB is focused on investments in Armenia's real sector and plans to invest approximately $200-250 million in the country in 2025-2026," the report states.

The Minister expressed gratitude to Mandron for the Bank's response to the emergency caused by torrential rains on May 25-26, 2024.

About the Eurasian Development Bank
The Eurasian Development Bank (EDB) is an international financial institution engaged in investment activities across the Eurasian region. For over 17 years, the EDB has been working to strengthen and expand economic ties and promote the comprehensive development of its member countries. The EDB's authorized capital is $7 billion. The Bank's portfolio is primarily focused on projects with integration effects in areas such as transport infrastructure, digital systems, green energy, agriculture, industry, and mechanical engineering. In its operations, the EDB adheres to the UN Sustainable Development Goals and ESG principles.

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