EBRD TO EXPAND INVOLVEMENT IN ARMENIA

armradio.am
04.12.2008 14:38

President Serzh Sargsyan received today the delegation of the European
Bank for Reconstruction and Development (EBRD).

The President highly appreciated the activity of the European Bank
in Armenia, noting that the cooperation started immediately after
the country gained independence, and the Bank’s role is great in the
success registered over all these years.

Among the main challenges Armenia faces today, the President pointed
to the consistent work in the direction of economic development and
resisting the world financial and economic crisis by minimizing its
negative influence. In this context the President prioritized the
implementation of additional measures, raise of the efficiency of
governance. He noted, at the same time, that the Government intends
to implement both short-term and long-term programs.

Assessing the cooperation with Armenia as effective, representatives
of the European Bank said it provides new opportunities for expanding
the field of partnership. Notwithstanding the complex period, they
expect that the Armenian economy will continue moving along the path
of development.

Members of the EBRD Board of Directors informed that they recently took
the decision to increase the volume of involvement in the countries,
where they launch activity. According to them, the business programs
connected with Armenia are rather ambitious, and with this regard the
strategic approaches of the Bank and the Armenian Government coincide.

The President also stated he would like the Bank to get deeper
involved in Armenia and have its participation in different spheres
of Armenian economy.

According to Serzh Sargsyan, the Bank brings a new culture of
management, which is extremely important.