The energy sector has moved from severe crisis to stability thanks to a combination of policy, legal, regulatory and institutional reforms. Remaining challenges include an emerging supply gap, and maintaining energy supply reliability and affordable tariffs.
Armenia is a land-locked country with limited transport routes making the road network essential for sustainable economic development. A key government objective has been to improve rural roads that link villages to main highways. These roads are called "lifeline" roads and comprise some 3,014 km of Armenia’s 7,704 km non-urban roads. With World Bank support, the government has already improved 290 km of lifeline roads while also creating temporary employment in road construction.
In the past decade, Armenia has made considerable progress in improving the infrastructure that provides reliable access to safe drinking water. The use of Public Private Partnerships (PPP) in the water and wastewater sector in Armenia has been an example of progressive sector development.
Agriculture plays an important role in employment and rural incomes, domestic food supply, and a source of expansion for food products exports. Weather vulnerability and marketing challenges have caused agriculture growth rates to fluctuate over the last decade, contrary to the steady growth pattern of the whole economy. Strengthening preparedness for natural disasters and climate change is a critical issue as Armenia is exposed to the impact of climate change through intensified droughts, landslides and hailstorms that affect rural communities and agriculture.
Information Technology (IT)
IT in general has become one of the important sectors of the Armenian economy, contributing to the technological innovation and productivity growth in the country.
The Government is in the midst of major healthcare reforms that focus on strengthening Primary Health Care (PHC), optimizing the extensive health services networks, enhancing health system governance and improving provider payment methods. The ultimate goal is to improve key health indicators of the population, in which important steps have been taken but further progress is needed.
Armenia is a mountainous country and therefore rich in mineral resources such as iron, copper, molybdenum, lead, zinc, gold, silver, antimony, aluminum, as well as other scarce and hard to find metals. Iron and copper ore, especially are exported in significant volume. More than 670 solid mineral mines, including 30 metal mines are currently registered in the state inventory of mineral resources. EBRD supports bankable mining operations with reputable investors who demonstrate high standards of environmental and social protection.