| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 50.00 |
Armenia Development Policy Operation: Economic, Fiscal and Public Sector Governance
Abstract*
The objective of the Economic, Fiscal, and Public Sector Governance Development Policy Loan Project for Armenia is to support the government's actions to strengthen economic, fiscal, and public sector governance by (i) improving pro-competition, pro-trade and streamlined quality regulations and processes, (ii) enhancing efficiency of revenue mobilization and public investment, and (iii) strengthening anti-corruption initiatives and the performance... Show More
Development Objective
To support the government’s actions to strengthen economic, fiscal, and public sector governance by: (i) improving pro-competition,pro-trade and streamlined quality regulations and processes, (ii) enhancing efficiency of revenue mobilization and public investment, and (iii) strengthening anti-corruption initiatives and the performances of the justice sector and the civil service.
Key Details
Project Details
P169624
Closed
Genevieve Boyreau , Kathrin Plangemann
Ministry of Finance
June 14, 2019
(as of board presentation)
November 21, 2019
December 18, 2019
US$ 0.00 million
Ministry of Finance,Ministry of Economy,Ministry of Justice
2020
US$ 50.00 million
N/A
February 26, 2024
December 31, 2020
BANK APPROVED
Finances
Financing Plan (US$ Millions)
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** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Nov 21, 2019 | IBRD-90210 | Loan Commitment | 50,000,000.00 |
| Jun 15, 2023 | IBRD-90210 | Int Charges | 466,769.75 |
| Dec 15, 2022 | IBRD-90210 | Int Charges | 457,405.94 |
| Jun 15, 2022 | IBRD-90210 | Int Charges | 451,292.56 |
| Jun 15, 2024 | IBRD-90210 | Int Charges | 460,570.28 |
| Jun 15, 2021 | IBRD-90210 | Int Charges | 521,682.60 |
| Dec 15, 2020 | IBRD-90210 | Int Charges | 523,490.78 |
| Dec 27, 2019 | IBRD-90210 | Loan Disb | 51,055,552.00 |
| Jan 7, 2020 | IBRD-90210 | Loan Disb | 51,213,560.00 |
| Jan 7, 2020 | IBRD-90210 | Loan Disb | -51,213,560.00 |
| Dec 18, 2019 | IBRD-90210 | Fee Charges | 127,409.88 |
| Jun 15, 2020 | IBRD-90210 | Int Charges | 425,006.22 |
| Dec 15, 2023 | IBRD-90210 | Int Charges | 472,237.38 |
| Dec 15, 2021 | IBRD-90210 | Int Charges | 485,196.03 |
| Jun 15, 2020 | IBRD-90210 | Int Charges | 14,322.35 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 01-03-2022 |
|---|---|
| Outcomes | Substantial |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Moderately Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | Not Rated | N/a |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
1-1-RIA-Number of laws and regulations with potential significant economic impact subject to RIA and timely public consultation increased. Value 8 5 20 Date October 31, 2019 August 31, 2021 August 31, 2021 Comment 1-2-a-Customs Reforms: a)-Percentage of trucks that are scanned at the border, based on the risk assessment Value 100% Mostly 100% 75% Date October 31, 2019 October 31, 2021 August 31, 2021 Comment 3-3-Number of institutions included in the civil service performance management increased. Value 40 institutions 68 institutions 60 institutions Date October 31, 2019 August 31, 2021 August 31, 2021 Comment 3-1-a-Anti-corruption- Actions under Anti-Corruption strategy have commenced and are on track. Value 0/0 100/100 100/60 Date October 31, 2019 August 31, 2021 August 31, 2021 Comment 3-1-b)-Percentage of whistleblowers reports submitted through the electronic platform used for investigative purposes increased. Value 0 39% At least 30% Date October 31, 2019 August 31, 2021 August 31, 2021 Comment 3-2-a-Justice Sector -Actions under Justice strategy have commenced and are on track. Value 0/0 100/ (33% completed and 64% partly completed) 100/60 Date October 31, 2019 August 31, 2021 August 31, 2021 Comment 3-2-b)- Share of small claim cases eligible for the small claims procedure inc increased. Value N/A 15 percentage point decrease. 10 p.p. increase Date December 31, 2019 December 31, 2020 December 31, 2020 Comment 1-2-b- Agencies included in the National Single-window increased Value 3 agencies 3 agencies 12 agencies Date October 31, 2019 October 31, 2021 August 31, 2021 Comment 1-3-State aid database is functional, published, and used to monitor granted aid. Value No available information Database is functional but not publicby the deadli Database is functional Date October 31, 2019 August 31, 2021 August 31, 2021 Comment 2-1-Tax Administration- Average liabilities identified per audit increased Value AMD 60.1 million*AMD 71.0 million (modified) 21 % increase 10 % increase Date June 28, 2019 June 30, 2021 June 30, 2021 Comment 2-2-PIM-New large public investment projects submitted to the Ministry of Economy (as part of the budget preparation) are screened,appraised and prioritized in compliance with government PIM guidance Value 0 50% + 50% Date October 31, 2019 October 31, 2021 August 31, 2021 Comment