The government of Armenia, a landlocked country that depends on cross-border transport for trade, has been strengthening its economic linkages with neighboring countries to increase trade, investment opportunities, and jobs.
Following the dissolution of the Soviet Union, Armenia’s water supply and sanitation systems declined because of economic collapse, inadequate investment, poor operation and maintenance (O&M), and lack of management skills.
Besides public sector jobs, the micro, small, and medium enterprise (MSME) sector is deemed crucial in ensuring women’s economic participation in Armenia. Notwithstanding this, women MSMEs comprised only 32% of the registered MSMEs in 2012. This low ratio was attributable to women’s lack of business skills, knowledge, confidence, and access to networks and credit.
Following the recession triggered by the 2009 global financial crisis, Armenia’s infrastructure public spending fell sharply, contributing to further deterioration of the country’s road and water assets and services. To help address the situation, the Asian Development Bank (ADB) approved in August 2014 a $49 million concessional loan from the Asian Development Fund for Armenia’s Infrastructur
Armenia is a landlocked country in the mountainous region of Caucasus between Asia and Europe. Following the recession triggered by the 2009 global financial crisis, its gross domestic product (GDP) contracted by 14.1%, the economy grew at an average 4.7% from 2010 to 2012 before declining to an average of 3.3% from 2013 to 2015.