ArmInfo. The Eurasian Development Bank (EDB) and the Russian-Armenian University (RAU) are launching joint research and projects in public-private partnership (PPP).
According to the EDB press service, the relevant Agreement on the implementation of the EDB technical assistance project was signed by EDB Senior Managing Director of Denis Ilyin and RAU Rector Edward Sandoyan. The contract is a development of the previously signed Memorandum. The initiative will be financed on a non-reimbursable basis at the expense of the funds of the EDB Technical Assistance Fund and is intended to strengthen Armenia's capabilities in the field of PPP in the longer term.
Among the key areas of cooperation between RAU and EDB will be the training of qualified personnel through educational programs in the field of PPP for the implementation of relevant projects in Armenia, as well as conducting scientific researches that contribute to the improvement of the level of development of this segment in the republic. In the next year, it is planned to prepare joint analytical reviews, researches and reports on actual problems and prospects of the PPP development, including the implementation of cross-border projects.
Cooperation between RAU and EDB will be implemented on the basis of the Department of Economics and Finance. Among the key tasks for the next year: organization under the support of the Bank of the Center of Competences of PPP at RAU, introduction of the discipline of PPP in the educational project in the undergraduate and master's degrees in the fields of "Economics" and "Finance".
An important part of the cooperation will be the scholarship program of the EDB under the GCP among bachelor's and master's students in the fields of "Economics" and "Finance".
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. 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 flexible tool with the financing of which the EDB can quickly respond to the current needs and challenges of the member States.
The EDB formed the TAF Management Committee - a permanent collegial body, which carries out preliminary review and approval of project applications and the conditions of resource provision, as well as supervises technical assistance projects and Programs. The Bank's Management Board takes the final decision on project approval and financing for all TA projects.