Armenia: Asian Development Bank Member Fact Sheet 2018

Abstract

The Asian Development Bank (ADB) has been a development partner of Armenia since 2005 and is one of the country’s largest multilateral development partners. The country partnership strategy (CPS), 2014–2018 for Armenia has been helping the country rebalance toward more inclusive and environmentally sustainable growth. ADB is working to improve Armenia’s domestic and cross-border transport links, bring integrated urban development to regional towns, and enhance the country’s energy security. The bank’s assistance also includes support for reforms in public sector management, finance, education, and health. The CPS, 2019–2023, which is being prepared for Board consideration in 2019, is expected to continue support for core infrastructure priorities including transport, urban infrastructure, and energy. It will incorporate sovereign and nonsovereign investments, public–private partnerships, and other innovative financing solutions. Cumulative loan disbursements to Armenia amount to $990.4 million. These were financed by regular and concessional ordinary capital resources (OCR). Effective 1 January 2017, ADB reclassified Armenia as a middle-income country, with access only to market based OCR.