SERZH SARGSYAN MEETS EIB VICE-PRESIDENT

16:46, 16 Mar 2015
Siranush Ghazanchyan

President Serzh Sargsyan today received Wilhelm Molterer,
Vice-President of the European Investment Bank (EIB), President’s
Press Office reported.

The President welcomed the guest to our country and expressed the
hope that Mr. Molterer’s visit will give a new impulse to Armenia’s
cooperation with the EIB which is directed at ensuring stable economic
growth in Armenia. Serzh Sargsyan praised the bank’s mission and its
current activity in our country, expressing satisfaction with the
fact that the cooperation with the EIB has been marked by activeness
and effectiveness. The Armenian President also stressed that taking
into account the economic importance of the sectors financed by the
bank and its current portfolio, the bank may be deemed as a strategic
partner for our country.

The EIB vice-president too expressed satisfaction with the cooperation
the bank has carried out with Armenia since 2007, emphasizing that
it could set a good example for other working partners.

Wilhelm Molterer noted that at present, the bank is working towards
the preparation of the next phase of collaboration with Armenia which
will be grounded on Armenia’s economic policy priorities.

At the meeting, the interlocutors attached great importance to the
bank’s support for infrastructure development projects, agreeing
that presently, it is the only way for Armenia to develop through
ensuring long-term stable economic growth by means of boosting economic
competitiveness. However, the parties agreed that it is meaningless
to speak about competitiveness and stable economic growth in default
of developed infrastructure.

The RA President and the EIB vice-president also touched upon the
prospects for promotion of cooperation between Armenia and the European
Union and upon the upcoming steps and in that context, placed great
weight on pushing forward the agenda for EU-funded reforms in Armenia.