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 nearly one billion euros in investments over the past six years, the bank now aims to pursue two key objectives: promoting a more inclusive and competitive private sector, and accelerating the green economic transition through sustainable infrastructure projects.

Despite economic and geopolitical challenges, Armenia has experienced strong growth in recent years. The EBRD intends to leverage this momentum to drive economic diversification and improve access to international markets. A key focus is on supporting small and medium-sized enterprises (SMEs), integrating refugees and host communities, and promoting foreign trade.

At the same time, the Bank is focusing on investments in energy efficiency, renewable energy, and the expansion of the “Green Cities” program to accelerate Armenia’s ecological modernization. This also aims to support national climate goals and strategies for low-carbon development.

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

This new strategy underscores the EBRD’s role as a key partner for Armenia on its path toward a more diverse, greener, and more competitive economy.