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Armenia and Italy discuss expanding financial cooperation

The talks covered investment financing for Armenia’s green economy, energy and infrastructure sectors.

Armenian Deputy Finance Minister Edgar Mkrtchyan met with Italian representatives to discuss expanding financial cooperation. They considered options for preferential financing of investment projects.

Source: Ministry of Finance of Armenia

Armenian Deputy Finance Minister Edgar Mkrtchyan meets with Italian representatives
Armenian and Italian representatives discuss expanding financial cooperation. Illustrative photo. Photo: geralt / Pixabay, Pixabay Content License

Armenian Deputy Finance Minister Edgar Mkrtchyan met on October 15 with Andrea Peduto, Deputy Head of Mission at the Italian Embassy in Armenia, and Lucia Bonelli, head of a Cassa Depositi e Prestiti (CDP) unit responsible for the Western Balkans and Eastern Neighbourhood outside the EU.

The meeting focused on diversifying Armenia’s financial cooperation and strengthening ties with new partners and institutions operating in the European Union. The participants highlighted the prospect of expanding work with leading European financial institutions, including Italian development organisations.

They discussed investment cooperation involving Italian institutions in Armenia’s green economy, energy and infrastructure sectors. In particular, the talks covered the possibility of obtaining financing on preferential terms by combining blended finance instruments with resources from the Italian development bank and the Italian Climate Fund.

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The participants also discussed Italy’s possible involvement in subsequent stages of a three-year joint budget support programme run by the French Development Agency and the Asian Development Bank.

Translated from Armenian using artificial intelligence. Source: Ministry of Finance of Armenia

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