OREANDA-NEWS. October 11, 2010. President Serzh Sargsyan received members of the Board of Directors of the Asian Development Bank (ADB).

The President of Armenia hailed ADB’s activities in our country, stressing particularly Bank’s input in the sustainable development of the Armenian economy. Serzh Sargsyan thanked the Bank for its assistance in mitigation the repercussions of the global economic and financial crisis in our country. “Activities of the ADB are important for us not so much from the viewpoint of investments as from the viewpoint of introducing new business culture in Armenia. It is a very important factor for us since we are endeavoring to shape in our country mechanisms for efficient governance and create new capabilities. I hope that your visit will become an additional impetus for the development of efficient cooperation,” said the President of Armenia.

The parties stressed the importance of the implementation of joint programs such as the construction of the North-South highway, programs aimed at the development of urban and rural infrastructure, as well as Armenia’s involvement in future programs intended for regional development.