ArmInfo. Opportunities for bilateral cooperation in digitalization, telecommunications, and other sectors within the framework of sustainable infrastructure projects in Armenia were discussed at a meeting in Yerevan between Gevorg Mantashyan, Deputy Minister of High-Tech Industry and Artificial Intelligence, and a delegation led by Johan Boström Heiskala, Director of the Acceleration Program at the Swedish development finance institution Swedfund.
According to the ministry's press service, Mantashyan emphasized the importance of cooperation with international financial institutions, presented the ministry's current reforms and strategic directions, emphasizing the role of digital technologies and artificial intelligence in the country's sustainable development, and also touched on formats for effective public-private cooperation, as well as priorities for the development of the high-tech, digitalization, and telecommunications sectors.
Johan Boström Heiskala, in turn, presented Swedfund's main mission and the scope of the acceleration program, the main goal of which is to facilitate the implementation of sustainable Infrastructure projects. He noted that Swedfund is interested in Armenia's rapidly developing ecosystem and is ready to explore opportunities for cooperation in technology, telecommunications, and secure and reliable digital communications.
The parties discussed startup support tools and the role of innovation in ensuring sustainable economic growth, the AB Factory Garden concept, which positions Armenia as a regional technology hub, and strategic energy programs necessary to ensure the smooth and stable operation of high-tech infrastructure.
The parties agreed to continue implementing the planned program, maintain working contacts, and continue discussing practical steps of mutual interest.
Swedfund is a Swedish development finance institution whose mission is to reduce poverty through sustainable investments in developing countries. Guided by the 2030 Agenda and the UN Sustainable Development Goals, we focus on achieving development results and financial performance in the most vulnerable, and often promising, regions.
To achieve its mission, Swedfund uses two instruments: private sector investments and public sector project preparation funding through the Project Accelerator program. Both processes are mutually reinforcing, allowing us to work comprehensively on sustainable development in developing countries.
Swedfund invests in creating jobs with decent working conditions and improved access to essential goods and services, such as energy, food, and digital connectivity. Investments aim to strengthen local economies, promote gender equality and innovation, and enable more companies to meet international standards. Swedfund also invests in climate change mitigation, adaptation, and resilience to support the green transition in developing countries. Swedfund was established in 1979 and is a state-owned company managed by the Swedish Ministry of Finance.
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