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Armenia Mineral Sector Policy II

Abstract*

Armenia has an abundance of mineral resources such as copper, gold, silver and zinc, as well as industrial minerals such as diatomite, gypsum, limestone, perlite and rhenium salt. In 2011, it ranked 7th in the world in molybdenum production. Armenia’s economy has undergone major structural changes since independence, changing from an industry-based economy to increasingly becoming an economy based on agriculture and trade. The minerals sector represents...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To support the development of a Mineral Sector Policy and associated action plan for Armenia that focuses on strengthening the contribution of the mining sector to sustainable economic growth.

Key Details

Project Details

  • P173686

  • Closed

  • Remi Pelon

  • Ministry of Territorial Administration and Infrastructure

  • Armenia

  • May 6, 2020

  • (as of board presentation)

    August 14, 2020

  • January 25, 2021

  • US$ 0.25 million

  • Armenian Territorial Development Fund (ATDF)

  • Europe and Central Asia

  • 2021

  • US$ 0.25 million

  • N/A

  • Moderate

  • June 30, 2022

  • Yes

  • BANK APPROVED

  • October 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Extractives Global Programmatic Support 0.25

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 0.25
Total Project Cost** 0.25

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Moderable 2022-01-19
Progress towards achievement of PDO Satisfactory 2022-01-19
Overall Implementation Progress (IP) Satisfactory 2022-01-19

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 10-28-2022
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Mining Sector Policy is in PlaceValueNoYesYes
    DateMay 30, 2020April 30, 2022June 30, 2022
    Comment
  • Environmental and social legal requirements are amended to be aligned with the policyValueNoYesYes
    DateMay 8, 2020April 29, 2022June 30, 2022
    Comment
  • Relevant Government institutions staff are trained to implement Mining policyValue10.0070.0060.00
    DateMay 8, 2020April 29, 2022June 30, 2022
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Stakeholder Consultations on the mining sector Policy have taken place in key mining communities and with key stakeholdersValueNoYesYes
    DateJuly 9, 2020April 29, 2022June 30, 2022
    Comment