ADB INTERESTED IN DEVELOPING LONG-TERM PARTNERSHIP RELATIONS WITH ARMENIA

armradio.am
23.07.2009 16:18

President Serzh Sargsyan today received the Vice President of the
Asian Development Bank Xiaoyu Zhao and his delegation.

The President of the Republic hailed the dynamically developing
cooperation with the Asian Development Bank. President Sargsyan
welcomed the interest of the Bank in large-scale programs like the
construction of the North-South highway and the North-South railway, as
well as the programs of development of urban transport infrastructure.

President Sargsyan expressed gratitude for the $80 mln assistance to
Armenia to mitigate the consequences of the global financial-economic
crisis and accomplish the programs envisaged.

ADB Vice President Xiaoyu Zhao said the Bank is interested in the
development of long-term partnership relations with Armenia.

Appreciating the cooperation established between the Bank and the
Armenian Government, the Vice President assured that the ADB is willing
to continue assisting Armenia with overcoming the difficulties caused
by the global crisis.

Attaching importance to the implementation of the large-scale
infrastructure programs, the parties agreed that those present a
serious impetus for the development of the country.

President Sargsyan attached importance to the cooperation with
financial structures from the perspective that they bring new
experience and culture to Armenia.