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Armenia Fourth Development Policy Financing

Abstract*

The fourth Development Policy Financing in Armenia will support the government’s efforts to promote fiscal, social, and environmental sustainability and to strengthen competitiveness. The original programmatic series of Development Policy Operations (DPOs) in Armenia comprised three operations. A fourth operation was subsequently added in 2015 to better align it with the government’s reform program and the World Bank’s Country Partnership Strategy...

* 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

The objective of the proposed operation is to support the government’s reform agenda in two key areas: (i) promoting fiscal, social, and environmental sustainability; and (ii) strengthening competitiveness

Key Details

Project Details

  • P160100

  • Closed

  • Evgenij Najdov , Gohar Gyulumyan

  • N/A

  • Armenia

  • September 26, 2016

  • (as of board presentation)

    December 8, 2016

  • December 23, 2016

  • US$ 50.00 million

  • Chief of Government Staff

  • Europe and Central Asia

  • 2017

  • US$ 50.00 million

  • N/A

  • Not Applicable

  • November 30, 2017

  • BANK APPROVED

  • P153234

  • February 26, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 50.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 50.00
IDA Commitment N/A
IBRD + IDA Commitment 50.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 50.00

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

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

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 15, 2019 IBRD-86720 Int Charges 1,107,500.00
Nov 15, 2023 IBRD-86720 Int Charges 1,107,500.00
Nov 15, 2018 IBRD-86720 Int Charges 1,107,500.00
Dec 23, 2016 IBRD-86720 Loan Disb 125,000.00
Dec 28, 2016 IBRD-86720 Loan Disb 49,875,000.00
Dec 23, 2016 IBRD-86720 Fee Charges 125,000.00
May 15, 2017 IBRD-86720 Int Charges 563,551.06
May 15, 2017 IBRD-86720 Loan Disb -50,000,000.00
May 15, 2017 IBRD-86720 Loan Disb 50,000,000.00
Nov 15, 2017 IBRD-86720 Int Charges 1,107,500.00
Nov 15, 2020 IBRD-86720 Int Charges 1,107,500.00
May 15, 2020 IBRD-86720 Int Charges 1,107,500.00
Nov 15, 2019 IBRD-86720 Int Charges 1,107,500.00
May 15, 2022 IBRD-86720 Int Charges 1,107,500.00
Nov 15, 2021 IBRD-86720 Int Charges 1,107,500.00
May 15, 2021 IBRD-86720 Int Charges 1,107,500.00
Nov 15, 2022 IBRD-86720 Int Charges 1,107,500.00
May 15, 2023 IBRD-86720 Int Charges 1,107,500.00
Dec 8, 2016 IBRD-86720 Loan Commitment 50,000,000.00
May 15, 2024 IBRD-86720 Int Charges 1,107,500.00
May 15, 2018 IBRD-86720 Int Charges 1,107,500.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 03-28-2019
OutcomesModerately Satisfactory
Risk to Development OutcomeSubstantial
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Satisfactory
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 01-28-2020PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeSubstantialN/a
Bank PerformanceModerately UnsatisfactoryN/a
Borrower PerformanceModerately SatisfactoryN/a
Government PerformanceModerately SatisfactoryN/a
Implementing AgencyNot RatedN/a
Icr QualitySubstantialN/a
M&e QualityModestN/a

Results Framework

No data available.