ARMENIA EDB FULL MEMBER
news.am
April 27 2010
Armenia
RA Prime Minister Tigran Sargsyan participated in the signing ceremony
of an agreement on the presence of the Eurasian Development Bank
(EDB) in Armenia. The agreement was signed by RA Minister of Energy
and Natural Resources Armen Movsisyan and EBD Board Chairman Igor
Finogenov.
Under the agreement, the EBD is to open an office in Armenia. The
EBD also signed memorandums of cooperation with the RA Ministry of
Energy and Natural Resources, ArmRusgasprom, South Caucasus Railway,
International Energy Corporation and ArmBusinessbank. Speaking at the
signing ceremony, the RA Premier pointed out that Armenia is not an
EBD full member. He said that Armenia has a share in the EBD capital.
He expressed hope that the documents will give impetus to cooperation.
T. Sargsyan pointed out that Armenia has submitted a number of projects
to the EBD management. The RA Premier reported the bank will act as
operator in the utilization of the CIS anti-crisis funds, and the RA
Government attaches special importance to the documents.