EBRD Launches New Investment Strategy for Armenia

LONDON — The European Bank for Reconstruction and Development (EBRD) has published its investment strategy for Armenia for 2025-30.

The Bank’s two main investment priorities in the country will be to support the development of a more inclusive and competitive private sector and to accelerate the green economy transition by promoting sustainable infrastructure.

The Bank invested nearly €1 billion in Armenia under the previous country strategy for 2019 to 2024, helping to drive significant economic progress. In 2024 alone, the EBRD invested a record €396 million in the country, with a strong emphasis on private-sector development and support for infrastructure to enhance Armenia’s trade opportunities.

In the past few years, the Armenian economy has seen strong growth, despite numerous economic and geopolitical challenges. The Bank’s new strategy builds on this momentum, aiming to address outstanding issues such as Armenia’s low level of economic diversification and restricted access to international markets.

The EBRD will support Armenia’s continued development through investment and policy dialogue.

The strategy’s first priority is to enhance the inclusivity and competitiveness of the private sector by improving financial intermediation, providing targeted support for small and medium-sized enterprises, as well as refugees and host communities, and fostering trade diversification.

The second priority is to invest in sustainable infrastructure with a view accelerating the green economy transition. This will include financing energy-efficiency initiatives, expanding the Bank’s Green Cities programme and enhancing energy security with an emphasis on renewable energy solutions.

Additional efforts will be made to support Armenia’s Nationally Determined Contributions and low-carbon pathways.

George Akhalkatsi, EBRD Head of Armenia, said: “Building on our strong track record, the EBRD envisions a future for Armenia where inclusivity and sustainability pave the way for a robust private sector. The EBRD will channel investments with a strong emphasis on diversification and access to international markets, private-sector and capital-market development, and renewable energy enhancement, in tandem with policy dialogue efforts to further key reforms.”

To date, the EBRD has invested almost €2.6 billion in 224 projects across Armenia, of which 84 per cent was in the private sector.