Pashinyan hails EBRD’s €160m assistance as ‘highest investment portfolio’ in Armenia
Prime Minister Nikol Pashinyan on Friday highly praised Armenia’s effectively developing cooperation with the European Bank for Reconstruction and Development (EBRD), hailing its financial assistance, worth €160 million, as the highest investment package in the country.
During a telephone conversation with Odile Renaud-Basso, the EBRD’s seventh president (elected in October), he appreciated, in particular, the successful implementation of joint projects in the financial market, small- and medium-sized enterprise (SME) development, and different other sectors. Congratulating Ms. Renaud-Basso on assuming her official duties, Pashinyan also stressed the importance of the ongoing dialogue towards assisting structural reforms and improving the investment climate in Armenia in an effort to increase its competitive advantages.
The premier also addressed the challenges stemming from the coronavirus pandemic and the 2020 war in Nagorno-Karabakh (Artsakh), as well as the socio-economic situation and the government actions towards promoting solutions. Pashinyan emphasized that Armenia “spares no effort” to resolve the post-war challenges in Artsakh, highlighting at the same time the importance of international financial organization’s reaction to the humanitarian situation in the country. In that context, the Armenian leader called the EBRD president’s attention to the opportunities of assistance.
Reaffirming the Bank’s priority focus on the reliable partnership with Armenia, Ms. Renaud-Basso mutually expressed their interest in deepening cooperation towards the development of infrastructures, energy and private setors and financial institutions. She also praised the collaboration with the Ministry of Finance as “highly effective”, considering it a strong basis for the expansion of partnership and the successful realization of joint projects.
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