IDEA Foundation, Asian Development Bank Discuss Cooperation Opportunities

Initiatives for Development of Armenia (IDeA)

YEREVAN—At a meeting on Thursday, CEO of Initiatives for Development of Armenia (IDeA) Foundation Armen Gevorgyan and Asian Development Bank Resident Representative in Armenia David Dole discussed opportunities of cooperation within the framework of the Foundation’s programs, an IDeA press release said.

Armen Gevorgyan noted that the Foundation’s programs are aimed at the development of regions and infrastructures and in this regard, there can be productive cooperation within sustainable development and infrastructure programs carried out with the Bank’s support. In particular, there are broad cooperation prospects in the context of the Foundation’s Dilijan development program.

The interlocutors highlighted the availability of Dilijan’s strategic development plan as well as zoning plan, and discussed cooperation to devise the program.

David Dole also presented works carried out with the bank’s technical support and aimed at working out development programs in four cities in Armenia, including in Dilijan.

Cooperation to improve the road infrastructure, to develop public infrastructure and to carry out solid waste management programs along with the local authorities and donor organizations was also discussed.

IDeA (Initiatives for Development of Armenia) Charitable Foundation was established by the entrepreneurs and philanthropists Ruben Vardanyan and Veronika Zonabend. The Foundation focuses on programs which achieve tangible socioeconomic development and assist Armenia in transition from the survival model to the prosperity model.

IDeA is committed to promoting social entrepreneurship in Armenia through investments in long-term, non-profit projects, as well as ensuring their sustainability. It implements large-scale charitable initiatives in Armenia, Artsakh and the Armenian Diaspora which strive to preserve the historical and cultural heritage of the Armenian people and revitalize the nation in an ever-changing world.

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