MINISTRY OF FINANCE
OF THE REPUBLIC OF ARMENIA

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Cooperation with International Organizations

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Eurasian Development Bank (EDB)

The Eurasian Development Bank (EDB) was established by the Russian Federation and the Republic of Kazakhstan on the basis of the Agreement signed on January 12, 2006. In 2009, Armenia and Tajikistan joined the Bank. In 2010, it was joined also by the Republic of Belarus and in 2011 - by the Republic of Kyrgyzstan. Each member state appoints its authorized representative and his/her deputy in the...

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Reconstruction Credit Institute (KfW Development Bank)

The Reconstruction Credit Institute (Kreditanstalt für Wiederaufbau – KfW) was established in 1948. It is owned by the Federal Republic of Germany (80 percent) and the States of Germany (20 percent). Bank portfolio in Armenia comprises EUR 787 million, in which the energy sector has a dominant role, amounting to about 50 percent, administrative infrastructure – 26 percent, financial sector...

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International Monetary Fund (IMF)

The Republic of Armenia joined the International Monetary Fund on April 28, 1992, according to the RA Law “On Armenia’s membership to the International Monetary Fund, the International Bank for Reconstruction and Development, the International Finance Corporation, the International Development Association, the European Bank for Reconstruction and Development, the Multilateral Investment...

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International Fund for Agricultural Development (IFAD)

The International Fund for Agricultural Development (IFAD) was established in 1977 (headquartered in Rome). IFAD is a specialized agency of the United Nations dedicated to eradicating poverty in rural areas of developing countries. As of February 2015, IFAD has 176 member states. The resources of IFAD are formed through voluntary investments of member and other countries and organizations. The...