EBRD Investment Strategy in Armenia Targets Energy and Transport
21 June 2012: The European Bank for Reconstruction and Development (EBRD) approved a three-year strategy for Armenia aiming at developing the financial sector and improve access to finance.
The strategy also seeks to improve, inter alia: municipal and urban transport infrastructure; and the regulatory and institutional framework for sustainable energy.
In order to respond to the financial difficulties faced by Armenia, EBRD has increased funding for the corporate sector. Armenia was the first country to achieve financing in local currency under the Bank's new Early Transition Countries Local Currency Initiative. EBRD is also working with the authorities to develop local money and capital markets in the country. In addition, through the Business Support Office, EBRD is engaged in improving the business environment by providing extensive technical assistance and grants financed by donors. [EBRD Press Release]