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YEREVAN. – Prime Minister of Armenia, Karen Karapetyan, on Tuesday received European Bank for Reconstruction and Development (EBRD) Board of Directors Dutch team leader, Frans Weekers.

Appreciating the ongoing effective cooperation with the EBRD, which numbers several joint projects, the PM expressed readiness on behalf of his government to deepen this collaboration, Press Office of the Government of Armenia (GoA) informed Armenian News-NEWS.am.

Highlighting the need to provide continued support for those projects intended for the private sector, the Karapetyan stated in part, “We are considering several projects during our visits to the regions of Armenia, which imply collaboration with the private sector and, as a tool, we would appreciate if the EBRD could take interest in cooperating in the proposed domains. The Government seeks to stimulate the business climate in different ways, and this process can change the business climate, since the ideas are being developed based on specific business logic.”

Given the EBRD’s vast track-record in working with investors, the Armenian Premier suggested considering the possibility of cooperation within the framework of the Government Strategic Initiatives Center and the upcoming Investment Fund. Karen Karapetyan said the government will appreciate if the Bank would contribute to the development of public-private partnership-related law and the establishment of the Office of Business Ombudsman in Armenia.

Weekers, for his part, said Armenia and the EBRD boast a long track-record of successful cooperation that has led to numerous joint projects and initiatives. He welcomed the Armenian government’s steps aimed at improving the business climate and promoting private investment as well as the short- and long-term action plans.

He described the idea of establishing a center for strategic initiatives and an investment fund as quite promising, and went on to note that the EBRD is stands ready to develop cooperation in the domains which by the PM noted.

The parties also discussed to the current strategy of GoA-EBRD partnership. In this context, they referred to the programs implemented in various fields of activity in both the public and private formats.

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