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Head Of The Asian Development Bank Praises The Present Condition Of

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  • Head Of The Asian Development Bank Praises The Present Condition Of


    Nov 18, 2008

    YEREVAN, NOVEMBER 18, ARMENPRESS: Armenian Prime Minister Tigran
    Sargsian received today the delegation headed by the head of Asian
    Development Bank (ADB) Haruhiko Kuroda. The head of ADB noted that
    this is his first visit to Armenia which has two main aims - to
    discuss the directions of further cooperation and to take part in
    the official opening ceremony of the Yerevan office of the Bank.

    The public relations department of Armenian government told Armenpress
    that Haruhiko Kuroda praised the present condition of Armenian economy
    taking into consideration the high economic growth, limited increase
    of prices and the carried out smart macro-economic policy.

    According to the head of ADB, today quality infrastructures are
    necessary for Armenian economy and the ADB and Armenian government
    already cooperate in this direction.

    In connection with this Armenian prime minister Tigran Sargsian
    thanked for the Bank's support in the reconstruction of rural
    roads, the programs of water supply and sewage and in working out of
    strategy of development of transportation sphere and considered the
    above mentioned programs extremely important from the viewpoint of
    proportionate development of Armenian territories which is considered
    a priority for the Armenian government.

    Tigran Sargsian presented to the guest the possible directions of
    further cooperation and the existing potential. He particularly
    underscored the importance of technical and financial support to
    the pension reforms, support directed to the smoothening of the
    results of global financial crises especially for the development
    of infrastructures as well as the support to the implementation of
    electronic management with the usage of rich experience of ADB and
    the crediting of small and medium-sized enterprises through providing
    loan recourses to Armenian banks.

    The prime minister also expected the participation of ADB in the
    works of establishment of techno parks and free economic zones and
    development of transit transportation infrastructures.

    The Armenian prime minister also asked Haruhiko Kuroda to support
    the representation of our country in the ADB council for presenting
    Armenian interests in the council.

    The head of ADB considered all the suggestions of Armenian prime
    minister important and noted that the bank has a great experience
    in a number of spheres and is ready to support Armenia. To all the
    spheres mentioned by Tigran Sargsian Haruhiko Kuroda also added the
    information technology sphere where, according to him, Armenia has
    a serious potential.

    The head of the Bank promised to discuss the presented suggestions
    circumstantially and to respond to them.