EBRD to Invest USD150M in Armenia in 2010

The European Bank for Reconstruction and Development plans to invest USD150 million in Armenia in 2010, News.am reports. At a press conference in Yerevan, EBRD President Thomas Mirow said the bank has invested USD500 million in the country so far. EBRD spent USD150 million in Armenia in 2009 and intends to invest a similar amount this year, Mirow added.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.