OREANDA-NEWS. April 15, 2011. President Serzh Sargsyan received Xiaoyu Zhao, the Vice-President of the Asian Development Bank (ADB).

The President hailed activities of the Asian Development Bank in Armenia and in Asia in general. President Sargsyan thanked the ADB for the assistance provided for the mitigation of the consequences of the global economic and financial crisis.

Noting that cooperation with the ADB is aimed at Armenia’s sustainable economic development and improvement of infrastructures, Serzh Sargsyan spoke about the implementation of pivotal programs such as the “North-South Passageway” and “Armenia: Sustainable Urban Development” investment programs.

At the meeting the parties spoke also about the possible assistance of the ADB in the construction of the north-south railroad, creation of necessary infrastructure for the export of agriculture products as well as about the issues related to the Bank’s assistance for the development of small and medium enterprises.