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Asian Development Bank Will Continue to Assist Armenia

RoA President Serzh Sargsyan today met with a delegation headed by Zhao Xiaoyu, Vice-President of the Asian Development Bank. President Sargsyan expressed his thanks for the speed at which Armenia has cemented cooperation with the bank. President Sargsyan also thanked the delegation for the ADB's interest in some of Armenia's major transport projects including the North-South Highway, the North-South Railway and improving public transportation in Yerevan. He also thanked the ADB for its $80 million assistance package to help Armenia weather the global economic crisis. Vice-President Xiaoyu said that the ADB was ready to offer Armenia continued anti-crisis assistance and that he agreed with the Armenian leader that large-scale infrastructure works were very important in spurring economic development in Armenia.

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