ArmInfo. The final event of the management competency development program for heads of departments of the Armenian Ministry of Finance took place in Yerevan. The program was organized with the support of the Eurasian Development Bank (EDB) Technical Assistance Fund.
According to the EDB press service, the training aimed to strengthen teamwork and develop leadership and management skills using modern management methods. Participants deepened their knowledge in strategic planning, conflict management, and creating an effective work environment.
Armenian Finance Minister Vahe Hovhannisyan thanked the EDB for organizing the training on his Facebook page, noting the importance of developing management competencies for the department's effective operation.
The bank was represented at the event by Armen Melkikyan, EDB Director for the Republic of Armenia, and Nona Gaboyeva, Head of Department at the EDB Academy. Their colleagues congratulated the participants on the successful completion of the program, emphasizing the importance of supporting educational initiatives. "We are pleased to see growing interest in human capital development. For us, as a multilateral development bank, this is an important part of our work to strengthen regional dialogue and exchange of experience," noted Armen Melkikyan.
During the event, Nona Gaboyeva announced the upcoming launch of the EDB Digital Academy, an online platform that will expand audience reach and ensure equal access to expert knowledge for all stakeholders.
The bank continues its technical assistance collaboration with the Ministry of Finance of Armenia. Specifically, the FCS project "Institutionalization and Capacity Building of Public-Private Partnerships in the Republic of Armenia" is currently underway. It aims to develop the organizational and legal structure, financial, and management structure of the PPP center in Armenia to strengthen the national PPP system.
The Eurasian Development Bank (EDB) is a multilateral development bank investing in the Eurasian region. For 20 years, the EDB has been promoting the strengthening and expansion of economic ties and the comprehensive development of its member countries. As of the end of December 2025, the EDB's accumulated portfolio included 326 projects with a total investment volume of USD 19.6 billion. The majority of the EDB's portfolio is comprised of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, industry, and mechanical engineering. The Bank is guided by the UN Sustainable Development Goals and ESG principles.
As part of its 2022-2026 Strategy, the EDB is implementing three megaprojects: the "Water and Energy Complex of Central Asia," the "Eurasian Transport Framework," and the "Eurasian Commodity Distribution Network." The EDB Academy was established in 2025 with the support of the EDB Technical Assistance Fund. Its main goal is to strengthen regional dialogue and exchange experiences and best practices in key areas of economic development: project finance, the activities of international financial institutions, regional cooperation across economic sectors, macroeconomic modeling, green finance, and sustainable development. The Academy hosts in-person events and develops the EDB Digital Academy online platform. Representatives of government agencies, businesses, and financial institutions from EDB member countries participate in the Academy's training.
