YEREVAN. – Prime Minister of Armenia Hovik Abrahamyan received Director General Klaus Gerhaeusser of the Asian Development Bank (ADB) Central and West Asia Department.

The PM stressed the successful implementation of Armenia’s several joint projects with ADB, and expressed the hope that the ongoing projects will contribute to the country’s economic development.  

Gerhaeusser, for his part, informed that the activities are in progress toward designing the project which Armenia and ADB will carry out in the coming years. At the same time, he expressed satisfaction with the performance of the ongoing projects, and noted that ADB is preparing to fund projects in Armenia’s energy sector, too, but for the private sector. Gerhaeusser added that aside from funding, ADB stands ready to also provide technical assistance.   

Subsequently, the interlocutors discussed the North-South Highway construction process, and several other joint projects.