EBRD to continue projects in Armenia

EBRD to continue projects in Armenia

Armenian Prime Minister Karen Karapetyan told today the visiting President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti  that EBRD-financed projects implemented in Armenia are of great importance in the context of the government reforms.  In his words, the bilateral cooperation package includes 158 projects worth a total of 1.1 billion euros, Arka news agency reported.

According to the head of government, EBRD is currently assisting in the implementation of solid waste management, improvement of water supply upgrading the Yerevan metro and urban lighting projects. The head of the government attached also importance to the consistent assistance of the EBRD in the reformation of Armenian Tax Code reforms, which will make it possible to make the legislation on corporate bankruptcy procedures more comprehensive.

Chakrabarty, in his turn, stressed the fact of effective cooperation with the Armenian government and noted that EBRD wants to see investment funds in a larger number of projects, involving private companies and the government. According to him, EBRD has a new “quantity and quality" agenda for Armenia and is ready to continue its assistance in the implementation of projects and initiatives.

The two sides discussed also introduction of the business ombudsman institution, development of corporate governance, as well as issues related to digital Armenia agenda.