The Eurasian Development Bank (EDB) and Russian-Armenian University (RAU) are launching collaborative research and training programmes focusing on public-private partnerships (PPP). A relevant agreement on the EDB’s technical assistance was signed by Denis Ilin, EDB Senior Managing Director, and Edward Sandoyan, Rector of RAU. This agreement builds upon a previously established memorandum between the two parties. The EDB Technical Assistance Fund will extend a grant to finance this initiative, which is designed to enhance Armenia’s PPP landscape in the long term.

The collaborative efforts between RAU and the EDB will primarily focus on the implementation of PPP training programmes to equip specialists with the skills necessary for executing related projects in Armenia, and research aimed at advancing the PPP segment in the country. Over the coming year, the two institutions plan to release joint analytical reviews, studies and reports, addressing challenges and prospects associated with the development of PPPs, including cross-border projects.

RAU and the EDB will cooperate through the university’s Department of Economics and Finance. Key objectives for the upcoming year include the establishment of a PPP Competence Centre at RAU with the Bank’s support and the integration of a PPP course into Bachelor’s and Master’s degree programmes in Economics and Finance.

An important component of this partnership will be the EDB’s PPP scholarship programme for students enrolled in Bachelor’s and Master’s programmes specialising in Economics and Finance.

Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For more than 17 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

The EDB Technical Assistance Fund (TAF) is a special fund helping to create enabling conditions for investment and development projects in the Bank’s member countries. The Fund operates to enhance the Bank’s ability to finance investment projects that are in line with its mission. The TAF supports potential borrowers at the project preparation stage as well as national governments and organisations whose projects promote the institutional environment, economic development and growth. The Fund is financed from the Bank’s net profit and donor funds.

 

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