ArmInfo. Armenian Finance Minister Vahe Hovhannisyan met with Asian Development Bank (ADB) Vice President Vampi Saputra on the sidelines of COP17.
The parties discussed opportunities to stimulate Armenian exports and diversify foreign economic relations. In this context, they discussed financial instruments and ADB support programs that could help enhance the competitiveness of local products and facilitate access to new international markets.
According to a statement from the Ministry of Finance, the parties also discussed prospects for expanding Armenia's strategic role in the Middle Corridor. and the launch of transport and logistics routes within the framework of the Crossroads of the World initiative.
During the meeting, Hovhannisyan noted that capital expenditures are planned to be significantly increased in the coming years, prioritizing infrastructure development in the context of regional unblocking of communications and the implementation of major investment programs.
Minister Hovhannisyan highly appreciated ADB's support in the preparation and organization of COP17, as well as the technical and expert assistance provided to the Ministry of Environment of Armenia.
The parties also emphasized the importance of ADB's participation in organizing and holding the Crossroads of the World investment forum, scheduled for May 2027.
As a reminder, in its September forecast, the Asian Development Bank predicted GDP growth of 5% for Armenia in 2026, accelerating to 5.5% in 2027, while expecting first, inflation accelerated to 4.2%, then declined to 3.5%.
