Armenia

EDB investment portfolio

01/04/2021

14 projects

$226,8 million

2,3% of the total

EFSD investment portfolio

01/04/2021

8 projects

$521 million

9% of the total


Armenia became a full member of Eurasian Development Bank in April 2009. Its contribution to the Bank’s capital is US $100,000.

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Publications

Eurasian Economic Integration – 2019
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Macroeconomic Forecasts for 2021
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31 March 2021
The Eurasian Development Bank projects the aggregated GDP growth rate of its member countries at 3.3% in 2021, after a 3% decline in 2020. With progress in countering the pandemic, the easing of social distancing measures and favourable external economic conditions will be the key drivers of stronger consumer and investment demand. Most of the region’s economies will recover to pre-crisis levels by the end of 2021 and 2022. The EDB projects that the significant acceleration of inflation in the member states will be temporary, with inflation slowing down to an average of 4.5% year-on-year in the region by the end of 2021, from 6.3% year-on-year in February 2021. The risks according to the EDB’s projections remain high. Nevertheless, even with an unfavourable, prolonged pandemic, the Bank's member economies will be recovering in 2021.
26 March 2021
Unemployment rates in most of the Bank’s member countries remained moderate in 2020 and showed signs of decline in late 2020 – early 2021. Government anti-crisis measures have helped a lot in stabilising the labour market
12 March 2021
The Central Bank of Armenia joined the Eurasian Development Bank’s (EDB) settlement infrastructure and opened a correspondent account
13 January 2021
The Eurasian Development Bank (EDB) will provide Armenia Securities Exchange with a grant to upgrade its software. The financing will be extended from the Technical Assistance Fund (TAF)
04 December 2020
Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), Hayk Karapetyan, Chief Executive Officer of HayPost (Armenia’s postal operator), Svetlana Yurkevich, General Director of Belpochta (Belarus’s postal operator), Damir Monoldorov, General Director of Kyrgyz Post (Kyrgyz Republic’s postal operator), and Maxim Akimov, General Director of Russian Post (Russia’s postal operator) signed a cooperation agreement at the First Eurasian Congress
04 December 2020
The Travelling without COVID app developed by the Digital Initiative Fund of the Eurasian Development Bank (EDB DIF) was successfully tested today. Participants in the First Eurasian Congress from Yerevan and Minsk crossed the Russian Federation border at Moscow’s Sheremetyevo International Airport with the help of the app
30 November 2020
What is a “safe” and optimal debt level? How does rising debt affect economic growth? The COVID-19 pandemic has forced countries around the world to reconsider these issues facing the reality wherein the budgetary stimulus accompanied by government debt accumulation became principal instruments used to curtail shocks. The current EFSD Working Paper “Optimal Debt and the Quality of Institutions” indicates that, in countries with strong institutions, the debt threshold is above 55% of GDP, while economies with weaker political institutions feature a 37-38% debt-to-GDP threshold. Hence, the quality of institutions is one of the key factors for economic and debt sustainability and an efficient debt policy
26 November 2020
The Eurasian Development Bank forecasts an increase in the aggregate GDP of its member countries by 3.2% in 2021, after a 3.8% decline in 2020. The easing of restrictions globally and in the region’s countries as the fight against the pandemic progresses will be a key factor in reviving economic activity. Due to weak investment demand and partial preservation of social distancing, the full recovery of the region’s GDP to pre-crisis levels will take time. Kazakhstan is expected to achieve it in the second half of 2021; Russia, the Kyrgyz Republic, and Armenia in the first half of 2022; and Belarus in 2023. Because of persistently high risks, the EDB’s projections remain shifted toward lower estimates
19 November 2020
The Eurasian Development Bank (EDB) borrowed CNY 1.5 billion (around US $230 million) from the Export-Import Bank of China (Exim Bank of China) to finance transboundary transactions between China and the Bank’s member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The respective agreement was signed on 16 November 2020. The loan facility has been extended for five years
12 October 2020
The Eurasian Intergovernmental Council’s (EIC) meeting in Yerevan discussed the Travelling without COVID-19 project developed and presented by the Eurasian Development Bank’s (EDB) Digital Initiative Fund to foster economic activity and free movement

Yerevan Representative Office

Address:
Erebuni Plaza Business Centre, office 811, 26/1 Sargsyan St., Yerevan, 0010, Republic of Armenia

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