EBRD launches new investment strategy for Armenia: Focus on green infrastructure

Author: Dietrich Schartner

The European Bank for Reconstruction and Development (EBRD) has unveiled its new investment strategy for Armenia for the period 2025 to 2030. Building on almost one billion euros of investment over the last six years, the bank now wants to pursue two key objectives: promoting a more inclusive and competitive private sector and accelerating green economic transition through sustainable infrastructure projects.

Despite economic and geopolitical challenges, Armenia has seen strong growth in recent years. The EBRD wants to use this momentum to drive economic diversification and improve access to international markets. One focus is on supporting small and medium-sized enterprises (SMEs), the integration of refugees and host communities and the promotion of foreign trade.

In parallel, the bank is focusing on investments in energy efficiency, renewable energies and the expansion of the "Green Cities" programme to accelerate Armenia's ecological modernization. This will also support national climate targets and low-carbon development strategies.

George Akhalkatsi, Head of the EBRD in Armenia, emphasizes: "We are building on our successes to date and see a future where inclusivity and sustainability pave the way for a strong private sector." To date, the EBRD has invested around €2.6 billion in 224 projects in Armenia, 84% of which are in the private sector.

This new strategy underlines the EBRD's role as a key partner for Armenia on the path to a more diverse, greener and more competitive economy.