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 Tuesday, February 13 2024 11:27
Marianna Mkrtchyan

EDB, RAU launch joint research and education projects 

EDB, RAU launch joint research and education projects 

ArmInfo. The Eurasian Development Bank (EDB) and the Russian-Armenian University (RAU) are  launching joint research and projects in public-private partnership (PPP). 

According to the EDB press service, the relevant Agreement on the  implementation of the EDB technical assistance project was signed by  EDB Senior Managing Director of Denis Ilyin and RAU Rector Edward  Sandoyan. The contract is a development of the previously signed  Memorandum. The initiative will be financed on a non-reimbursable  basis at the expense of the funds of the EDB Technical Assistance  Fund and is intended to strengthen Armenia's capabilities in the  field of PPP in the longer term.

Among the key areas of cooperation between RAU and EDB will be the  training of qualified personnel through educational programs in the  field of PPP for the implementation of relevant projects in Armenia,  as well as conducting scientific researches that contribute to the  improvement of the level of development of this segment in the  republic. In the next year, it is planned to prepare joint analytical  reviews, researches and reports on actual problems and prospects of  the PPP development, including the implementation of cross-border  projects.

Cooperation between RAU and EDB will be implemented on the basis of  the Department of Economics and Finance. Among the key tasks for the  next year: organization under the support of the Bank of the Center  of Competences of PPP at RAU, introduction of the discipline of PPP  in the educational project in the undergraduate and master's degrees  in the fields of "Economics" and "Finance".

An important part of the cooperation will be the scholarship program  of the EDB under the GCP among bachelor's and master's students in  the fields of "Economics" and "Finance".

The Eurasian Development Bank (EDB) is an international financial  institution investing in Eurasia. For more than 17 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.

The EDB Technical Assistance Fund (TAF) is a flexible tool with the  financing of which the EDB can quickly respond to the current needs  and challenges of the member States.

The EDB formed the TAF Management Committee - a permanent collegial  body, which carries out preliminary review and approval of project  applications and the conditions of resource provision, as well as  supervises technical assistance projects and Programs. The Bank's  Management Board takes the final decision on project approval and  financing for all TA projects.  

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