European Bank for Reconstruction and Development (EBRD) is ready to invest $150m in Armenia’s economy – ditto as in 2009, EBRD President Thomas Mirow said at the press conference in Yerevan.

He informed that total investments of EBRD in Armenia make about $500m. Last year investments in Armenia’s economy were the highest — $150m and we intend to endow same amount this year, Mirow added.

Referring to economic situation in Armenia, Mirow stated that the republic should be given credit for having no financial risks in economic system, thereby preventing aggravation of global crisis consequences.

“I do not expect second wave of global crisis despite the serious risks in the world market,” EBRD President said.

According to him, the fact that Armenian President and Government intend to uncover funds for economy diversification is understandable. “In the course of the meeting, I told RA President about our readiness to assist in this matter,” he concluded.

A.G.