|
EBRD's shareholder representatives visit Armenia
Representatives of the shareholders of the European Bank for Reconstruction and Development arrive in Armenia on Sunday for a three-day visit, the first by the EBRD's Board of Directors to the country since 1996.
The Directors will visit projects in which the EBRD has invested, such as the Yerevan Brandy Company, and meet with senior business and government leaders, including President Robert Kocharyan.
The Board of Directors represents the EBRD's 62 shareholders - 60 countries plus the European Community and the European Investment Bank. The Board approves all EBRD investments. Their visit aims to underline the EBRD's commitment to further support private-sector investments in Armenia, as well as to help Directors better understand the country's investment climate and reform efforts as the Bank starts preparing a formal new strategy for Armenia.
The EBRD is a major investor in Armenia, with cumulative commitments of €141.6 million ($129 million).
The delegation will include Jan Krzysztof Bielecki, Director for Poland, Bulgaria and Albania; Joaquin de la Infiesta, Spain and Mexico; John Kerby, United Kingdom; Byung Hwa Jin, Korea, Australia, New Zealand and Egypt; Serguei Ovseitchik, Russian Federation, Belarus and Tajikistan; Philippe Petit-Laurent, European Community; Enzo Quattrociocche, Italy; Norbert Radermacher, Germany; and Yuri Poluneev and Ionut Costea, Director and Alternate Director, respectively, for Ukraine, Romania, Moldova, Georgia and Armenia.
The delegation will hold a press conference with Minister of Finance and Economy Vardan Khachatryan, who is the EBRD's Governor for Armenia, at 17:00 on Tuesday 12 September 2001 at the Ministry of Finance and Economy. For more information please contact Ellen Ghazaryan at the EBRD's Yerevan office, +374 1540 425 or email GhazaryE@ebrd.com.
|
