Friday, February 7 2020 10:46

ArmInfo.The Asian Development Bank is ready to develop relations with Armenia in the field of biodiversity conservation and the development of ecotourism.  This was announced on the eve of the meeting with the Minister of the  Environment of Armenia Eric Grigoryan.  Paolo Spantigati, Head of the  ADB Armenian Office.

As the press service of the Ministry of Environment of the Republic  of Armenia reports, during the meeting they discussed issues related  to the possibility of cooperation in such areas as monitoring of air,  soil, water, biodiversity and green areas, as well as energy  efficiency. Eric Grigoryan, emphasizing the importance of cooperation  between the Bank and Armenia, also pointed out the need to increase  the efficiency of the green economy.

The head of the Armenian representative office of ADB, expressing  appreciation for the meeting, stated the readiness of the Bank to  expand cooperation with Armenia.

Armenia joined ADB in 2005 and is part of a group of countries with  mixed (concessional and conventional) financing. ADB works to reduce  poverty in the Asia-Pacific region by stimulating economic growth and  regional integration. In the field of transport, ADB continues to  assist Armenia in the construction of the North-South transport  corridor, as well as in strengthening transport links between cities  with high poverty levels. According to statistics on the bank's  website, at the end of 2018, ABR implemented 52 projects in Armenia  for a total of $ 1.32 billion, of which $ 635 million was allocated  for the development of transport infrastructure, $ 172 million for  urban infrastructure and water supply, $ 152 million for finance, $  142 million in energy, $ 140 million in administrative management.