Armenia's government has reviewed the implementation of ongoing World Bank loan and grant programmes in the country at a meeting between Deputy Prime Minister Mher Grigoryan and World Bank Regional Director Roland Price. The total value of the programmes stands at $818 million.
According to the government press office, Grigoryan highlighted the World Bank's role in supporting Armenia's development agenda and said cooperation has been effective in strategic areas.
The discussions covered World Bank projects in the energy and water sectors, healthcare, tourism, and the modernisation of public systems.
At the end of the meeting, the sides reaffirmed their readiness to continue strategic cooperation, both under current programmes and by exploring new areas for joint work.
Armenia has been a member of the World Bank since 1992. Since then, the country has received more than $2.5 billion to finance programmes in infrastructure, education, healthcare, social protection and public administration modernisation.
The World Bank Group is currently implementing its Country Partnership Framework for Armenia for 2025–2029. Its main priorities are creating more quality jobs, developing human capital and strengthening the country's resilience to economic, environmental and social shocks.
