Enterprise Development Project

Abstract*

The objectives of the Enterprise Development Project for Armenia are to: a) assist in financing such productive facilities and resources as will contribute to the economic and social development of the country; b) strengthen commercial banks and other financial institutions and the capital market, and c) strengthen the investment and export market development capacity of private enterprise. The project will consist of assistance to project management... Show More

Development Objective

THE OPERATION WOULD SUPPORT PRIVATE INVESTMENT, BANKING REFORM,AND PRIVATE ENTERPRISE DEVELOPMENT

Key Details

Project Details

Project ID
P008279
Status
Closed
Team Leader
Ramin Shojai
Borrower 2
N/A

Country
Armenia
Disclosure Date
July 24, 1996
Approval Date
(as of board presentation)
December 24, 1996
Effective Date
April 21, 1997

Total Project Cost 1
US$ 17.75 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
1997

Commitment Amount
US$ 17.75 million
Environmental Category
B
Last Update Date
January 15, 2013
Closing Date
July 1, 2002

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 - Economic Policy

FY17 - Trade13%
- FY17 - Trade Facilitation13%

FY17 - Finance

FY17 - Financial Infrastructure and Access37%
- FY17 - Credit Infrastructure24%
- FY17 - MSME Finance13%

FY17 - Private Sector Development

FY17 - Business Enabling Environment25%
- FY17 - Regulation and Competition Policy25%
FY17 - Enterprise Development13%
- FY17 - MSME Development13%

FY17 - Public Sector Management

FY17 - Rule of Law13%
- FY17 - Legal Institutions for a Market Economy13%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	16.75
US: Agency for International Development (USAID)	1.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	16.75
IBRD + IDA Commitment	16.75

Lending Instrument
Grant Amount	1.00
Total Project Cost**	17.75

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jul 15, 2020	IDA-N0060	Loan Repay	395,240.53
Jul 15, 2020	IDA-N0060	Int Charges	34,089.64
Jul 15, 2020	IDA-N0060	Int Charges	34,089.64
Jul 15, 2020	IDA-N0060	Int Charges	65,920.88
Jan 15, 2021	IDA-N0060	Int Charges	11,757.28
Jan 15, 2021	IDA-N0060	Loan Repay	409,459.62
Jan 15, 2021	IDA-N0060	Int Charges	27,279.68
Jan 15, 2021	IDA-N0060	Int Charges	27,279.68
Jul 15, 2021	IDA-N0060	Int Charges	31,890.90
Jul 15, 2021	IDA-N0060	Int Charges	31,890.90
Jul 15, 2021	IDA-N0060	Int Charges	6,429.47
Jul 15, 2021	IDA-N0060	Int Charges	6,429.47
Jul 15, 2021	IDA-N0060	Loan Repay	404,962.50
Jul 15, 2022	IDA-N0060	Loan Repay	0.01
Jul 15, 2022	IDA-N0060	Int Charges	-0.01
Jul 15, 2022	IDA-N0060	Int Charges	-0.01
Jul 15, 2022	IDA-N0060	Int Charges	844.05
Jul 15, 2022	IDA-N0060	Int Charges	844.05
Jul 15, 2022	IDA-N0060	Loan Repay	372,194.90
Jul 15, 2016	IDA-N0060	Loan Repay	197,990.89
Jul 15, 2016	IDA-N0060	Loan Repay	132.53
Jul 15, 2016	IDA-N0060	Int Charges	45,320.91
Jul 15, 2016	IDA-N0060	Int Charges	45,320.91
Jul 15, 2016	IDA-N0060	Int Charges	102,727.30
Jan 15, 2017	IDA-N0060	Loan Repay	275,237.80
Jan 15, 2017	IDA-N0060	Int Charges	43,213.30
Jan 15, 2017	IDA-N0060	Int Charges	43,213.30
Jan 15, 2017	IDA-N0060	Int Charges	97,950.19
Jan 15, 2017	IDA-N0060	Loan Repay	104,645.07
Jan 15, 2017	IDA-N0060	Loan Repay	4,234.26
Jul 15, 2017	IDA-N0060	Int Charges	42,985.30
Jul 15, 2017	IDA-N0060	Int Charges	89,685.93
Jul 15, 2017	IDA-N0060	Loan Repay	4,781.46
Jul 15, 2017	IDA-N0060	Loan Repay	390,484.66
Jul 15, 2017	IDA-N0060	Int Charges	42,985.30
Jan 15, 2018	IDA-N0060	Loan Repay	407,341.84
Jan 15, 2018	IDA-N0060	Int Charges	42,771.06
Jan 15, 2018	IDA-N0060	Int Charges	42,771.06
Jan 15, 2018	IDA-N0060	Int Charges	89,196.91
Jan 15, 2018	IDA-N0060	Int Charges	7,984.17
Jan 15, 2019	IDA-N0060	Int Charges	82,542.74
Jul 15, 2018	IDA-N0060	Int Charges	40,352.41
Jul 15, 2018	IDA-N0060	Int Charges	40,352.41
Jul 15, 2018	IDA-N0060	Int Charges	91,465.46
Jul 15, 2018	IDA-N0060	Int Charges	7,583.29
Jul 15, 2018	IDA-N0060	Loan Repay	398,540.88
Jan 15, 2019	IDA-N0060	Loan Repay	386,580.38
Jan 15, 2019	IDA-N0060	Int Charges	38,673.00
Jan 15, 2019	IDA-N0060	Int Charges	38,673.00
Jan 15, 2019	IDA-N0060	Loan Repay	10,064.44
Jul 15, 2013	IDA-N0060	Int Charges	2,551.00
Jul 15, 2013	IDA-N0060	Int Charges	2,551.00
Jul 15, 2013	IDA-N0060	Loan Repay	166,033.45
Jul 15, 2013	IDA-N0060	Loan Repay	47,004.10
Jul 15, 2013	IDA-N0060	Int Charges	51,999.66
Jul 15, 2013	IDA-N0060	Int Charges	51,999.66
Jan 15, 2014	IDA-N0060	Int Charges	1,562.32
Jan 15, 2014	IDA-N0060	Int Charges	1,562.32
Jan 15, 2014	IDA-N0060	Loan Repay	53,741.56
Jan 15, 2014	IDA-N0060	Loan Repay	164,343.17
Jan 15, 2014	IDA-N0060	Int Charges	52,820.53
Jan 15, 2014	IDA-N0060	Int Charges	52,820.53
Jul 15, 2014	IDA-N0060	Loan Repay	219,606.98
Jul 15, 2014	IDA-N0060	Int Charges	53,046.47
Jul 15, 2014	IDA-N0060	Int Charges	53,046.47
Jan 15, 2015	IDA-N0060	Int Charges	446.15
Jan 15, 2015	IDA-N0060	Int Charges	446.15
Jan 15, 2015	IDA-N0060	Loan Repay	202,901.97
Jan 15, 2015	IDA-N0060	Int Charges	48,696.64
Jan 15, 2015	IDA-N0060	Int Charges	48,696.64
Jan 15, 2015	IDA-N0060	Int Charges	110,378.96
Jul 15, 2014	IDA-N0060	Int Charges	1,163.65
Jul 15, 2014	IDA-N0060	Int Charges	1,163.65
Jul 15, 2015	IDA-N0060	Int Charges	106,377.05
Jul 15, 2015	IDA-N0060	Int Charges	46,931.02
Jul 15, 2015	IDA-N0060	Int Charges	46,931.02
Jan 15, 2016	IDA-N0060	Int Charges	103,634.59
Jan 15, 2016	IDA-N0060	Int Charges	45,721.13
Jan 15, 2016	IDA-N0060	Int Charges	45,721.13
Jul 15, 2015	IDA-N0060	Loan Repay	9,281.86
Jul 15, 2015	IDA-N0060	Loan Repay	189,367.45
Jan 15, 2016	IDA-N0060	Loan Repay	192,025.95
Jan 15, 2016	IDA-N0060	Loan Repay	4,623.53
Jul 15, 2024	IDA-N0060	Int Charges	21,223.13
Jul 15, 2024	IDA-N0060	Int Charges	21,223.13
Dec 24, 1996	IDA-N0060	Loan Commitment	16,750,000.00
Jul 15, 2024	IDA-N0060	Int Charges	3,305.82
Jul 15, 2024	IDA-N0060	Loan Repay	372,871.70
Jul 15, 2022	IDA-N0060	Int Charges	26,519.03
Jul 15, 2022	IDA-N0060	Int Charges	26,519.03
Jan 15, 2022	IDA-N0060	Int Charges	29,109.14
Jan 15, 2022	IDA-N0060	Int Charges	29,109.14
Jan 15, 2022	IDA-N0060	Loan Repay	4,393.69
Jan 15, 2022	IDA-N0060	Loan Repay	395,827.22
Jul 15, 2023	IDA-N0060	Int Charges	-90.91
Jul 15, 2023	IDA-N0060	Loan Repay	90.91
Jul 15, 2023	IDA-N0060	Int Charges	11,469.87
Jul 15, 2023	IDA-N0060	Loan Repay	384,952.94
Jul 15, 2023	IDA-N0060	Int Charges	24,546.65
Jul 15, 2023	IDA-N0060	Int Charges	24,546.65
Jul 15, 2023	IDA-N0060	Int Charges	51,559.61
Jul 15, 2023	IDA-N0060	Int Charges	-24,546.65
Jul 15, 2023	IDA-N0060	Int Charges	-24,546.65
Jul 15, 2023	IDA-N0060	Int Charges	-51,559.61
Jan 15, 2023	IDA-N0060	Loan Repay	376,760.94
Jan 15, 2023	IDA-N0060	Int Charges	90.51
Jan 15, 2023	IDA-N0060	Int Charges	25,873.53
Jan 15, 2023	IDA-N0060	Int Charges	25,873.53
Jan 15, 2023	IDA-N0060	Int Charges	47,228.48
Jan 15, 2023	IDA-N0060	Loan Repay	6,548.88
Jul 15, 2023	IDA-N0060	Int Charges	11,469.87
Jul 15, 2023	IDA-N0060	Loan Repay	384,952.94
Jul 15, 2023	IDA-N0060	Int Charges	24,546.65
Jul 15, 2023	IDA-N0060	Int Charges	24,546.65
Jul 15, 2023	IDA-N0060	Int Charges	51,469.48
Jul 15, 2023	IDA-N0060	Int Charges	-11,469.87
Jul 15, 2023	IDA-N0060	Loan Repay	-384,952.94
Jan 15, 2024	IDA-N0060	Int Charges	4,112.82
Jan 15, 2024	IDA-N0060	Loan Repay	372,926.03
Jan 15, 2024	IDA-N0060	Loan Repay	6,870.22
Jan 15, 2024	IDA-N0060	Int Charges	22,787.91
Jan 15, 2024	IDA-N0060	Int Charges	22,787.91
Jan 15, 2024	IDA-N0060	Int Charges	48,324.89
Jul 15, 2024	IDA-N0060	Int Charges	46,770.07
Jul 15, 2024	IDA-N0060	Loan Repay	4,425.84
Jul 15, 2019	IDA-N0060	Int Charges	5,077.33
Jul 15, 2019	IDA-N0060	Loan Repay	393,637.28
Jul 15, 2019	IDA-N0060	Int Charges	36,903.63
Jul 15, 2019	IDA-N0060	Int Charges	36,903.63
Jul 15, 2019	IDA-N0060	Int Charges	82,744.50
Jan 15, 2020	IDA-N0060	Int Charges	35,343.58
Jan 15, 2020	IDA-N0060	Int Charges	35,343.58
Jan 15, 2020	IDA-N0060	Int Charges	901.60
Jan 15, 2020	IDA-N0060	Loan Repay	392,704.88
Jan 15, 2020	IDA-N0060	Int Charges	77,551.06
Jul 15, 2020	IDA-N0060	Int Charges	2,577.58

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-09-2003	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome	Not Rated	N/a
Bank Performance	Unsatisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Not Rated	N/a

Results Framework

No data available.

Enterprise Development Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework