Nikol Pashinyan met the regional director of the German KfW bank

RA Prime Minister Nikol Pashinyan arrived on an official visit to the Federal Republic of Germany.

The Prime Minister’s visit started from Cologne, Germany. On the morning of January 31, Nikol Pashinyan met the Eastern Europe Regional Director of the German Development Bank (KfW), Olaf Zimelka.

The RA Prime Minister noted that KfW is an effective partner for the Republic of Armenia, with which a number of projects are implemented in various branches of the RA economy. In this context, Nikol Pashinyan emphasized the importance of 2018. The grant agreement signed with KfW Bank in November on the project “Biodiversity and sustainable local development in Armenia” with a total value of 23,208,483.13 euros, which is one of the most significant projects in this field in our region.

The Prime Minister emphasized that bringing this sector in line with high environmental standards in Armenia is one of the important priorities of the government and it is gratifying to have such a reliable ally in this matter, in the form of the German Development Bank.

The regional director of KfW, in his turn, noted that Armenia is an important partner for the German Development Bank, with which effective projects are being implemented. Expressing satisfaction with the course of cooperation with various departments of our country, O. Zimelka added that the Armenia-KfW partnership contributes to the development of Armenian-German ties, and the bank is interested in discussing and implementing new initiatives.

The RA Prime Minister and the regional director of KfW discussed the progress of current projects in the fields of environmental protection, energy, agriculture, infrastructure, water management and reservoir construction, as well as exchanged ideas on the issues of expanding cooperation in other prospective directions.