Yerevan, Armenia – International financial institutions and representatives of worldwide development agencies gathered for the International Cooperation and Development Forum to discuss upcoming business opportunities in Armenia. The DevelopmentAid event took place on November 20th.
The goal of the forum was to assist interested companies in identifying the most efficient approaches towards cooperation with international financial institutions while showcasing relevant funding opportunities for Armenia. Participants were guided through the criteria that differentiate the programmes of multilateral development banks against that of bilateral banks and agencies, with specific presentations from representatives of the International Monetary Fund (IMF), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Austrian Development Agency (ADA), Swiss Development Cooperation (SDC), United Nations Development Programme (UNDP) and United States Agency for International Development (USAID).
Companies also had the opportunity to showcase successful stories, innovation pitches, share best practices and challenges. Amongst them were the National Research Institute of Science and Technology for Environment and Agriculture (IRSTEA) and HALDI CONSULT, both members of DevelopmentAid. IRSTEA employs 1,600 people, including 1100 permanent researchers and engineers in nine regional centers in France. The institute currently has 20 ongoing projects, supported by financing from Horizon 2020. According to José Martinez, Deputy Director of International Affairs at IRSTEA, who was present at the event, the institute is seeking potential partners for future projects. The forum concluded with a networking session during which participants discussed development needs and business opportunities for the private sector.
The local partner of DevelopmentAid was Ameria Group, a group of professional services companies registered in Armenia in 1998 with the objective to provide a comprehensive package of professional advisory and financial services to the business community and public sector. “It was a pleasure for Ameria to take part in the forum organized by DevelopmentAid. This was a useful event enabling companies to have a face to face contact with each other, discuss possible cooperation opportunities, as well as to get in touch with IFIs and Donors active in the region and to understand their strategies,” said Karine Nikoghosyan, Senior Project Manager, America Group Management Advisory Services.
Ameria Group, which is a member of DevelopmentAid, praised the benefits of DevelopmentAid membership, emphasizing the advantages which include fast and easy identification of suitable partner companies for international tenders, access to a solid CV database and efficient recruitment services.
Based on OECD criteria, Armenia is classified as a lower middle-income country. During the 2010-2015 period, disbursed development assistance to Armenia amounted to US $2187.9 M, the European Union being Armenia’s largest donor. From 2010-2015, the EU provided 21% of the overall development assistance. Other big donors are USA, the Asian Development Bank, the World Bank and Germany. Top sectors by disbursement from all donors are energy with 18%, agriculture – 17%, government and civil society – 15% and education – 11% of the total assistance provided for Armenia. Download full country report.
DevelopmentAid is a leading, innovative membership organisation offering services for the international developmental sector. Our aim is to help development professionals raise the efficiency of international development aid by providing timely, reliable and relevant information.
For more information regarding future events and partnership opportunities contact email@example.com
- Business Support
DevelopmentAid is an European organization that has been
providing business intelligence tools and services related to tenders, grants and
experts in the field of international development cooperation since 2007 to organizations
worldwide. Spearheading innovation, DevelopmentAid has established itself as a
leader when it comes to data comprehensiveness, speed, reliability and cost efficiency.
Our non-relenting commitment to quality and our continuous heavy re-investment in our services have turned us into a trusted and preferred information partner with international donors, development banks, NGOs, the private sector and individual professionals.
Ameria Management Advisory
Ameria CJSC one of the largest consulting companies in Armenia with wide range of management advisory services. Ameria Management Advisory Services combines its broad industry experience with all-embracing range of advisory services to meet specific needs of each client and to propose unique solutions both on strategic and operational levels. Additionally, Ameria tailors its professional expertise and experience to assist the clients and partners in conforming to rapidly changing environment by transferring relevant innovations and skills.
- The forum will take place in Yerevan Armenia
- Date, Time 20 November, 2017
DoubleTree by Hilton Yerevan City Centre
Grigor Lusavorich Street, 4/2
for the Forum
This is a unique occasion to meet and communicate with financial institutions, government representatives, consultancy firms, sectoral organisations, NGOs, academic institutions, etc. interested in donor-funded projects.