Asian Development Bank and Armenia: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Armenia as well as concise information on ADB's operations in the country and contact information. Armenia joined the Asian Development Bank (ADB) in September 2005 and is classified as a Group B1 country, making it eligible for financing from ADB’s concessional Asian Development Fund, as well as its ordinary capital resources. ADB’s Economic Report and Interim Operational Strategy, 2006–2009 was endorsed by its Board of Directors in October 2006. Armenia’s Sustainable Development Program, approved by the Government of Armenia in October 2008, is the country’s second poverty reduction strategy paper and was built on the considerable achievements of the first paper. The Sustainable Development Program serves as a basis for mid-term (3 years) and short-term (annual) budgetary planning, and has three key goals for 2009–2021: reducing poverty, including the elimination of extreme poverty; ensuring human development; and deepening economic growth and accelerating development of lagging regions.