Armenian Deputy PM holds talks with German Ambassador

ArmInfo.  Armenian Deputy Prime Minister Tigran Khachatryan met with German Ambassador to Armenia Claudia Busch.  Madeleine Rauschenberger, Director of the Armenian Office of the German Agency for International Cooperation (GIZ), and Zara Chatinyan, Representative of the Armenian Office of the German Development Bank (KfW) were also in attendance.

According to the press service of the Armenian government, the Deputy  Prime Minister commended the current dynamics of bilateral  cooperation, particularly emphasizing the significance of further  deepening cooperation in the priority areas defined by the strategic  agenda of the Armenian-German partnership.  During the meeting, the  parties discussed in detail the implementation of development  programs in areas of mutual interest, including water resource  management, modernization of irrigation systems, and improving energy  connectivity.

KfW Development Bank has been operating in Armenia since 1998 and is  currently the largest lender to the Armenian economy. KfW's  cumulative investments in the Armenian economy over the past years  have amounted to approximately 1.1 bn euros. On behalf of the German  Federal Government, it supports projects in the following areas:  sustainable economic development, training, and employment; climate  and energy; just transition; sustainable urban development; and  protection of natural resources.

According to KfW's website, the bank currently primarily finances  investments that ensure the country's sustainable energy supply. This  includes the creation of an integrated electricity grid between  Armenia, Georgia, and Iran, as well as the promotion of renewable  energy sources and energy efficiency.