13:58,
YEREVAN, MAY 25, ARMENPRESS. The European Bank for Reconstruction and Development (EBRD) and government of Armenia have signed a Memorandum of Understanding, which lays the foundations for the 2024 EBRD Annual Meeting to take place in Yerevan on 14-16 May 2024.
The event will be the EBRD’s 33rd Annual Meeting and is the most important event in the Bank’s calendar. A central part is the meeting of the Board of Governors, the Bank’s highest decision-making body, assessing the Bank’s performance and setting future strategic directions, the EBRD announced in a press release.
The conference also includes the Business Forum, a gathering of business representatives, investors, government officials and media who engage in panel discussions and networking events. In addition, the Annual Meeting comprises a civil society programme, a donors’ meeting and other auxiliary events.
The Memorandum of Understanding sets out the responsibilities regarding the organisation, planning and delivery of the Annual Meeting. Both parties expressed their commitment to a successful event, which is expected to attract up to 2,000 participants to Armenia.
EBRD Secretary General Kazuhiko Koguchi said at the signing in Samarkand: “We are very pleased to sign this agreement today and we hope for a successful cooperation with the Armenian authorities. Preparations are already underway and we are confident that the event in May will be a big success for guests and the host.”
Vahe Hovhannisyan, Minister of Finance of Armenia and EBRD Governor, commented: “We are delighted to host the Annual Meeting of the EBRD in Armenia in 2024. It will give us the opportunity to showcase our country to a wider audience and attract investments of unprecedented significance.”
The EBRD is one of the leading institutional investors in Armenia. Since the beginning of its operations in the country, it has invested around €2 billion across 206 projects, supporting private sector development and the energy, infrastructure, telecommunications and financial sectors.