The Russian Federation and Kazakhstan established the Eurasian Development Bank (EDB) in 2006 to promote economic growth and integration in Eurasia. Other bank members are Armenia, Belarus, the Kyrgyz Republic, and Tajikistan, which are also its priority countries to support.
In 2013, the EDB started partnering with ADB to help promote progress and development in the region in agriculture, transport, energy, and public services. In 2016, ADB and the EDB renewed their partnership and currently support projects across the region.
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WATCH: Building Armenia’s Roads, Preserving Armenia's Heritage
The construction of the North-South Corridor in Ashtarak, which follows the historic Silk Road, reveals culturally significant archeological finds dating back 2,700 years ago to the Neolithic Period. Armenia’s economy depends on making the connections to new markets and products, just as ancient network of roadways did thousands of years ago.
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