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ADB Interested In Developing Long-Term Partnership Relations With Ar

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  • ADB Interested In Developing Long-Term Partnership Relations With Ar

    ADB INTERESTED IN DEVELOPING LONG-TERM PARTNERSHIP RELATIONS WITH ARMENIA

    armradio.am
    23.07.2009 16:18

    President Serzh Sargsyan today received the Vice President of the
    Asian Development Bank Xiaoyu Zhao and his delegation.

    The President of the Republic hailed the dynamically developing
    cooperation with the Asian Development Bank. President Sargsyan
    welcomed the interest of the Bank in large-scale programs like the
    construction of the North-South highway and the North-South railway, as
    well as the programs of development of urban transport infrastructure.

    President Sargsyan expressed gratitude for the $80 mln assistance to
    Armenia to mitigate the consequences of the global financial-economic
    crisis and accomplish the programs envisaged.

    ADB Vice President Xiaoyu Zhao said the Bank is interested in the
    development of long-term partnership relations with Armenia.

    Appreciating the cooperation established between the Bank and the
    Armenian Government, the Vice President assured that the ADB is willing
    to continue assisting Armenia with overcoming the difficulties caused
    by the global crisis.

    Attaching importance to the implementation of the large-scale
    infrastructure programs, the parties agreed that those present a
    serious impetus for the development of the country.

    President Sargsyan attached importance to the cooperation with
    financial structures from the perspective that they bring new
    experience and culture to Armenia.
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