E-Society and Innovation for Competitiveness (EIC) Project

Abstract*

The project development objective of the E-Society and Innovation for Competitiveness Project for Armenia is to address constraints to competitive e-society and enterprise innovation in Armenia by strengthening the underlying infrastructure and enabling environment. There are three components to the project. Component one: e-society infrastructure development. This component will provide financing to support the design and development of the Armenian... Show More

Development Objective

The Project Development Objective (PDO) is to address constraints to competitive e-Society and enterprise innovation in Armenia by strengthening the underlying infrastructure and enabling environment.

Key Details

Project Details

Project ID
P115647
Status
Closed
Team Leader
Sandra Sargent , Feyifolu Boroffice
Borrower 2
Ministry of Economy

Country
Armenia
Disclosure Date
November 3, 2009
Approval Date
(as of board presentation)
November 30, 2010
Effective Date
May 18, 2011

Total Project Cost 1
US$ 30.00 million
Implementing Agency
Enterprise Incubation Foundation,Foreign Financing Projects Management Center,e-Government Infrastructure Implementation Unit OJSC (EKENG)
Region
Europe and Central Asia
Fiscal Year 3
2011

Commitment Amount
US$ 24.00 million
Environmental Category
B
Last Update Date
July 7, 2023
Closing Date
June 30, 2016

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Infrastructure and Access10%
- FY17 - MSME Finance10%

FY17 - Private Sector Development

FY17 - Business Enabling Environment19%
- FY17 - Innovation and Technology Policy19%
FY17 - Enterprise Development10%
- FY17 - MSME Development10%
FY17 - Jobs18%
- FY17 - Job Creation18%
FY17 - Public Private Partnerships10%

FY17 - Public Sector Management

FY17 - Public Administration7%
- FY17 - Administrative and Civil Service Reform7%

FY17 - Urban and Rural Development

FY17 - Rural Development18%
- FY17 - Rural Infrastructure and service delivery18%
FY17 - Urban Development18%
- FY17 - Urban Infrastructure and Service Delivery18%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	24.00
Borrower/Recipient	6.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	24.00
IDA Commitment	N/A
IBRD + IDA Commitment	24.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	30.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jan 15, 2024	IBRD-79630	Int Charges	607,703.80
Jan 15, 2024	IBRD-79630	Loan Repay	775,742.70
Jan 15, 2024	IBRD-79630	Int Charges	8,293.49
Jul 15, 2024	IBRD-79630	Loan Repay	589,978.10
Jul 15, 2024	IBRD-79630	Int Charges	3,990.15
Jul 15, 2024	IBRD-79630	Int Charges	585,988.00
Jul 15, 2024	IBRD-79630	Loan Repay	185,764.56
Nov 30, 2010	IBRD-79630	Loan Commitment	24,000,000.00
Jan 15, 2022	IBRD-79630	Loan Repay	677,942.56
Jan 15, 2023	IBRD-79630	Loan Repay	775,742.70
Jan 15, 2023	IBRD-79630	Int Charges	23,796.82
Jan 15, 2023	IBRD-79630	Int Charges	417,125.28
Jul 15, 2023	IBRD-79630	Int Charges	26,547.09
Jul 15, 2023	IBRD-79630	Int Charges	533,106.40
Dec 18, 2015	IBRD-79630	Loan Disb	1,374,543.00
Nov 25, 2015	IBRD-79630	Loan Disb	600,000.00
Apr 1, 2016	IBRD-79630	Loan Disb	953,328.20
Mar 31, 2016	IBRD-79630	Loan Disb	978,943.00
Feb 16, 2016	IBRD-79630	Loan Disb	981,098.80
Jul 15, 2016	IBRD-79630	Int Charges	1,938.29
Jul 15, 2016	IBRD-79630	Int Charges	132,231.50
May 25, 2016	IBRD-79630	Loan Disb	994,792.20
Nov 1, 2016	IBRD-79630	Loan Disb	-13,523.76
Jul 10, 2013	IBRD-79630	Loan Disb	700,510.50
Mar 5, 2014	IBRD-79630	Loan Disb	610,460.40
Feb 25, 2014	IBRD-79630	Loan Disb	600,000.00
Nov 8, 2013	IBRD-79630	Loan Disb	536,606.60
Sep 5, 2013	IBRD-79630	Loan Disb	694,262.94
Jul 15, 2013	IBRD-79630	Int Charges	13,950.84
Nov 21, 2013	IBRD-79630	Loan Disb	980,798.75
Oct 1, 2013	IBRD-79630	Loan Disb	979,307.44
Oct 28, 2013	IBRD-79630	Loan Disb	780,094.70
Dec 20, 2013	IBRD-79630	Loan Disb	446,245.10
Jan 15, 2014	IBRD-79630	Int Charges	93.40
Jan 15, 2014	IBRD-79630	Int Charges	23,588.90
Jan 15, 2015	IBRD-79630	Int Charges	43,198.54
Jul 15, 2014	IBRD-79630	Int Charges	1,584.03
Jul 15, 2014	IBRD-79630	Int Charges	36,799.02
Jul 29, 2014	IBRD-79630	Loan Disb	915,495.90
Dec 22, 2014	IBRD-79630	Loan Disb	400,000.00
Dec 29, 2014	IBRD-79630	Loan Disb	800,000.00
Jul 15, 2023	IBRD-79630	Loan Repay	775,742.70
Jul 15, 2020	IBRD-79630	Int Charges	300,318.80
Jan 15, 2021	IBRD-79630	Int Charges	123,828.93
Jan 15, 2021	IBRD-79630	Loan Repay	775,742.70
Jul 15, 2021	IBRD-79630	Int Charges	109,827.96
Jul 15, 2021	IBRD-79630	Loan Repay	665,914.75
Jul 15, 2021	IBRD-79630	Loan Repay	109,827.96
Jul 15, 2022	IBRD-79630	Loan Repay	655,680.75
Jul 15, 2022	IBRD-79630	Loan Repay	120,061.97
Jul 15, 2022	IBRD-79630	Int Charges	120,061.97
Jan 15, 2022	IBRD-79630	Loan Repay	97,800.10
Jan 15, 2022	IBRD-79630	Int Charges	97,800.10
Jul 15, 2018	IBRD-79630	Int Charges	297,497.44
Jan 15, 2019	IBRD-79630	Int Charges	381,012.10
Jul 15, 2019	IBRD-79630	Int Charges	416,964.90
Jan 15, 2020	IBRD-79630	Int Charges	345,292.20
Nov 1, 2016	IBRD-79630	Loan Disb	-160,232.23
Dec 6, 2016	IBRD-79630	Loan Disb	-6,923.42
Jul 25, 2016	IBRD-79630	Loan Disb	553,739.44
Dec 6, 2016	IBRD-79630	Loan Cancel	704,423.60
Jun 29, 2016	IBRD-79630	Loan Disb	756,613.60
Jun 17, 2016	IBRD-79630	Loan Disb	833,655.80
Jun 27, 2016	IBRD-79630	Loan Disb	224,957.98
Jun 3, 2016	IBRD-79630	Loan Disb	837,187.50
Jan 15, 2017	IBRD-79630	Int Charges	189,951.34
Jan 15, 2017	IBRD-79630	Int Charges	4,980.93
Jul 15, 2017	IBRD-79630	Int Charges	12.24
Jul 15, 2017	IBRD-79630	Int Charges	230,559.84
Jul 15, 2017	IBRD-79630	Int Charges	164.13
Jan 15, 2018	IBRD-79630	Int Charges	251,229.84
Apr 1, 2015	IBRD-79630	Loan Disb	1,056,638.80
Jul 15, 2015	IBRD-79630	Int Charges	534.88
Jul 15, 2015	IBRD-79630	Int Charges	53,990.29
Jul 7, 2015	IBRD-79630	Loan Disb	811,135.75
Jun 23, 2015	IBRD-79630	Loan Disb	-179,061.39
Jan 15, 2016	IBRD-79630	Int Charges	63.04
Jan 15, 2016	IBRD-79630	Int Charges	71,753.96
Sep 25, 2015	IBRD-79630	Loan Disb	1,246,030.10

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Counterpart Funding	Satisfactory	2016-06-30
Project Management	Moderately Satisfactory	2016-06-30
Procurement	Moderately Satisfactory	2016-06-30
Monitoring and Evaluation	Moderately Satisfactory	2016-06-30
Progress towards achievement of PDO	Satisfactory	2016-06-30
Financial Management	Satisfactory	2016-06-30
Overall Implementation Progress (IP)	Moderately Satisfactory	2016-06-30

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-26-2016
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Moderately Satisfactory
Implementing Agency	Highly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 07-17-2017	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Negligible	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Highly Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Access to Internet Services (number of subscribers per 100 people) Value 15.00 73.36 50.00
Date November 30, 2010 June 23, 2016 March 29, 2016
Comment
IT/ITES Employment (number of people) Value 5190.00 12685.00 6900.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Access to computers (% of population using a computer) Value 15.00 57.40 50.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Development of Knowledge and Technology intensive industries (Ratio of IT/ITES Sector revenue in GDP) Value 1.50 5.29 2.20
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
VTC facility is ready for occupancy Value 20160701
Date June 23, 2016
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Price of retail broadband access as a % of average monthly salary Value 14.00 1.95 5.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Number of electronic certificates issued Value 0.00 1022262.00 5000.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Percentage of households owning a computer Value 10.00 57.40 40.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Number of households owning a computer purchased under the Computer for All program Value 3500.00 34491.00 15000.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Number of Matching grants approved Value 0.00 31.00 8.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Number of projects financed through the Venture Fund Value 0.00 11.00 3.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Number of projects prepared and presented to potential investors Value 0.00 56.00 9.00
Date November 30, 2010 March 29, 2016 June 30, 2016
Comment
Number of enterprises benefited from GTC Value 0.00 99.00 50.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Occupancy rate of GTC Value 0.00 99.20 80.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Number of sales and investments generated by the representative office (million USD) Value 0.00 3.00 1.15
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Number of manpower trained and certified under the project (number of people) Value 0.00 16572.00 150.00
Date November 30, 2010 June 23, 2016 June 30, 2016
Comment
Residential broadband household penetration in the villages under the project scope Value 8.30 41.60 0.00
Date December 31, 2009 June 23, 2016
Comment

Access to Internet Services (number of subscribers per 100 people)	Value	15.00	73.36	50.00
	Date	November 30, 2010	June 23, 2016	March 29, 2016
	Comment

IT/ITES Employment (number of people)	Value	5190.00	12685.00	6900.00
	Date	November 30, 2010	June 23, 2016	June 30, 2016
	Comment

Development of Knowledge and Technology intensive industries (Ratio of IT/ITES Sector revenue in GDP)	Value	1.50	5.29	2.20
	Date	November 30, 2010	June 23, 2016	June 30, 2016
	Comment

VTC facility is ready for occupancy	Value	20160701
	Date	June 23, 2016
	Comment

Price of retail broadband access as a % of average monthly salary	Value	14.00	1.95	5.00
	Date	November 30, 2010	June 23, 2016	June 30, 2016
	Comment

Number of electronic certificates issued	Value	0.00	1022262.00	5000.00
	Date	November 30, 2010	June 23, 2016	June 30, 2016
	Comment

Percentage of households owning a computer	Value	10.00	57.40	40.00
	Date	November 30, 2010	June 23, 2016	June 30, 2016
	Comment

Number of households owning a computer purchased under the Computer for All program	Value	3500.00	34491.00	15000.00
	Date	November 30, 2010	June 23, 2016	June 30, 2016
	Comment

Number of Matching grants approved	Value	0.00	31.00	8.00
	Date	November 30, 2010	June 23, 2016	June 30, 2016
	Comment

Occupancy rate of GTC	Value	0.00	99.20	80.00
	Date	November 30, 2010	June 23, 2016	June 30, 2016
	Comment

Residential broadband household penetration in the villages under the project scope	Value	8.30	41.60	0.00
	Date	December 31, 2009	June 23, 2016
	Comment