The European Bank for Reconstruction and Development (EBRD) has published its 2025-30 investment strategy for Armenia, focusing on enhancing private sector competitiveness and inclusion.

The bank plans to finance sustainable infrastructure to accelerate Armenia’s transition to a green economy.

The strategy is centered on two key priorities: private sector development and sustainable infrastructure investments to support the economy’s ecological modernization.

Under the previous 2019-2024 strategy, the EBRD invested nearly €1 billion in Armenia, contributing to significant economic progress.

In 2024 alone, the bank made a record €396 million investment, primarily aimed at private sector and infrastructure development, to expand Armenia’s trade opportunities.

Despite economic and geopolitical challenges in recent years, Armenia’s economy has continued to grow. The EBRD’s new strategy seeks to maintain this momentum while addressing economic diversification gaps and limited access to international markets.

The bank intends to continue supporting Armenia’s development through investment and policy dialogue.

The first priority of the strategy is strengthening private sector competitiveness and inclusion by improving financial intermediation, supporting small and medium-sized enterprises (SMEs), assisting refugees and host communities, and promoting trade diversification.

The second key priority is developing sustainable infrastructure to facilitate Armenia’s green transition. This includes financing energy efficiency projects, expanding the Green Cities initiative, and strengthening renewable energy and energy security.

Additional efforts will support Armenia’s Nationally Determined Contributions (NDCs) and low-carbon development strategies.

EBRD’s Head of Armenia, George Akhalqatsi, stated: “Building on our significant achievements, the EBRD envisions a future for Armenia where inclusivity and sustainability pave the way for a strong private sector. The bank will direct investments with a special focus on diversification, international market access, private sector and capital market development, and renewable energy, while continuing policy dialogue to drive key reforms.”

To date, the EBRD has implemented 224 projects in Armenia, investing €2.6 billion, with 84% directed toward the private sector.