Officially launched in May 2008, the Neighbourhood Investment Facility (NIF) is an innovative financial instrument designed to offer more European Union (EU) support for the economic development of its neighbors. Its primary aim is to help key investment infrastructure projects in the transport, energy, social, and environment sectors and support private sector development (small and medium-sized enterprises) in the Neighbourhood region. Projects receiving a grant from NIF must be in a European Neighbourhood Policy partner country that signed an action plan with the EU (currently Armenia, Azerbaijan, Georgia, Egypt, Jordan, Lebanon, Moldova, Morocco, Palestine, Tunisia, and Ukraine).
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Building Armenia’s Roads, Preserving Armenia's Heritage
The Asian Development Bank has helped finance the completion of the North–South Road Corridor, including detailed design that will preserve Armenia’s cultural heritage.
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