EDB Provides Financing to Armenia's Ministry of Finance for PPP Institutionalization
The Eurasian Development Bank (EDB) and the Ministry of Finance of the Republic of Armenia have signed an agreement to provide technical assistance in the amount of up to $250 thousand. The funds will be directed toward establishing a professional Public-Private Partnership (PPP) Center and strengthening the institutional framework in this area.
The document was signed by Armenia's Minister of Finance Vahe Hovhannisyan and EDB Chairman of the Management Board Nikolai Podguzov during a meeting in Yerevan, where the parties also discussed the results and prospects for further cooperation.
Armenia has already established the necessary regulatory framework and is working to build a pipeline of PPP projects. However, according to the Republic of Armenia Law "On Public-Private Partnership," a specialized unit (PPP Center) should be an important element of the institutional environment, which is currently absent.
Under the technical assistance project, EDB experts will conduct a gap analysis of the current PPP management system and develop an optimal organizational, legal and financial model for the future Center. In addition, plans include creating a modern workspace for the team and organizing their training with subsequent certification in accordance with international PPP standards.
The project is a natural continuation of the EDB's active work in the country: over the past three years alone, the Bank has implemented 24 projects in Armenia, which have given impetus to the development of key economic sectors.
The establishment of the PPP Center is expected to become a driver of investment activity and help attract private capital to infrastructure projects important for the country.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By the end of December 2025, the EDB’s cumulative portfolio comprised 326 projects with a total investment of US $19,6 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
The EDB is implementing three mega-projects as part of its 2022–2026 Strategy: the Eurasian Transport Network, the Eurasian Agricultural Goods Distribution System and the Central Asian Water and Energy Complex.
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