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Second Development Policy Operation

Abstract*

The objectives of the Second Development Policy Operation Project for Armenia are to i) strengthening the business environment, ii) improving access to credit, iii) improving efficiency and transparency of the civil service, iv) expanding social protection, and v) improving fiscal space and the management of public infrastructure and environmental resources. The operation will focus on the five main policy areas. (1) The business environment with...

* 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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Key Details

Project Details

  • P143040

  • Closed

  • Ulrich Bartsch

  • N/A

  • Armenia

  • June 11, 2014

  • (as of board presentation)

    November 12, 2014

  • December 19, 2014

  • US$ 75.00 million

  • Ministry of Finance

  • Europe and Central Asia

  • 2015

  • US$ 75.00 million

  • N/A

  • Not Applicable

  • March 31, 2015

  • BANK APPROVED

  • P127754

  • February 26, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 75.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 75.00
IDA Commitment N/A
IBRD + IDA Commitment 75.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 75.00

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

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

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Aug 1, 2024 IBRD-84500 Int Charges 15,516.04
Aug 1, 2015 IBRD-84500 Int Charges 448,729.20
Feb 1, 2024 IBRD-84500 Int Charges 17,484.83
Feb 1, 2024 IBRD-84500 Int Charges 2,567,335.00
Nov 12, 2014 IBRD-84500 Loan Commitment 75,000,000.00
Feb 1, 2023 IBRD-84500 Int Charges 83,228.51
Feb 1, 2023 IBRD-84500 Int Charges 1,792,300.20
Aug 1, 2023 IBRD-84500 Int Charges 64,060.27
Aug 1, 2023 IBRD-84500 Int Charges 2,216,804.20
Aug 1, 2021 IBRD-84500 Int Charges 467,583.30
Aug 1, 2022 IBRD-84500 Int Charges 603,354.70
Feb 1, 2022 IBRD-84500 Int Charges 452,333.30
Feb 1, 2021 IBRD-84500 Int Charges 502,166.70
Feb 1, 2020 IBRD-84500 Int Charges 1,219,000.00
Aug 1, 2020 IBRD-84500 Int Charges 1,038,916.70
Aug 1, 2019 IBRD-84500 Int Charges 1,436,687.50
Aug 1, 2018 IBRD-84500 Int Charges 1,104,854.10
Feb 1, 2019 IBRD-84500 Int Charges 1,345,500.00
Aug 1, 2016 IBRD-84500 Int Charges 659,750.00
Aug 1, 2017 IBRD-84500 Int Charges 867,291.70
Feb 1, 2018 IBRD-84500 Int Charges 923,833.30
Feb 1, 2016 IBRD-84500 Int Charges 509,833.30
Feb 1, 2017 IBRD-84500 Int Charges 766,666.70
Dec 23, 2014 IBRD-84500 Loan Disb 74,812,496.00
Dec 19, 2014 IBRD-84500 Loan Disb 187,500.00
Dec 19, 2014 IBRD-84500 Fee Charges 187,500.00
Aug 1, 2015 IBRD-84500 Int Charges 94,190.22
Aug 1, 2024 IBRD-84500 Int Charges 2,574,106.80

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.