The EDB and Russian-Armenian University present a joint country profile titled Development of Public-Private Partnerships in the Republic of Armenia: Key Stages and Prospects
Yerevan, 25 February 2025. The Eurasian Development Bank (EDB) continues to implement its technical assistance project aimed at strengthening the public-private partnership (PPP) institutional framework and building PPP competencies in Armenia, in collaboration with Russian-Armenian University (RAU). The two institutions have presented a joint country profile titled Development of Public-Private Partnerships in the Republic of Armenia: Key Stages and Prospects. This is the first PPP analysis of Armenia, examining the current and future role of PPPs in the country’s infrastructure development. The document also evaluates the level of PPP advancement in Armenia and provides an overview of the related legal and institutional frameworks, as well as financing and risk management instruments applied in PPP projects.
The presentation of the country profile brought together opinion leaders and experts from academia, the public sector and the investment and banking community. They expressed support for the practical recommendations to strengthen Armenia’s PPP market, which include establishing a national PPP centre, digitalising PPP management solutions, expanding the range of sectors available for PPPs, and developing a new PPP programme and a methodology for assessing and managing PPP project risks.
“The country profile will benefit PPP authorities, lenders and investors planning to launch PPP projects, while also helping to promote PPPs in Armenia and beyond,” said Svetlana Maslova, EDB Director of PPP Projects. “For the EDB, this initiative marks an important step in solidifying the Bank’s position as a centre of PPP expertise and a key partner for both the public and private sectors in implementing infrastructure initiatives in Armenia.”
Iaroslav Mandron, Vice Chairman of the EDB Management Board, noted that three years ago, the Bank and the Armenian government reached an agreement on the need to develop a strategy for the Bank’s operations in the country, including advancing PPPs. The results of these joint efforts are now evident, and the Bank remains committed to supporting Armenia’s government in further strengthening its PPP framework.
In addition to the presentation of the country profile, the event featured the third EDB PPP Scholarship Competition, where five RAU students were awarded scholarships.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 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.
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