YEREVAN. – Armenian President Serzh Sargsyan held a meeting on Monday with Vice-President of the Asian Development Bank (ADB) Xiaoyu Zhao.

The presidential press office informed Armenian News-NEWS.am that President Sargsyan commended the ADB’s activities in Armenia and expressed his gratitude for the bank’s assistance in coping with the international financial and economic crisis. The President of Armenia emphasized such projects as the North-South transport corridor and “Armenia: steady urban development”.

The sides discussed the ADB’s possible assistance in elaborating a North-South railways construction project, creating infrastructures for exports of agricultural produce and promoting small and medium businesses.