Number of Active Projects
12 (3 IDA/IBRD blend projects are dual quantified)
For 30 years, the World Bank Group has been a key partner for Armenia, with a sustained history of successful investments in various sectors of the economy and an equally deep history of policy reform dialogue.
The current Country Partnership Framework (CPF) for FY19–23 focuses on the rebalancing of Armenia’s economy toward a new growth model focused on boosting exports, enhancing human capital, and sustainably managing natural resources and the environment. The Performance and Learning Review (PLR), delivered in May 2022, proposed an adjustment to the CPF program to catch-up on the delayed implementation of planned human capital reforms and to increase the focus on climate and environmental sustainability. The CPF is well aligned with the Government Program for 2021–26, approved in August 2021.
The World Bank and the International Finance Corporation (IFC) have a rich and diversified portfolio in Armenia and have financed projects across a range of sectors, including financial markets, manufacturing, agribusiness, services, and mining. The World Bank Group is also focused on sharing country knowledge and operational experience to leverage other development partners’ resources for effective public investment.
The World Bank is helping boost the quality of Armenia’s education system, including through the Education Improvement Project, which is improving the conditions for learning across educational levels by extending preschool coverage, introducing seismic stability and other infrastructure improvements to high schools, providing laboratory equipment, informing curriculum revisions, and improving the relevance and quality of higher education institutions.
As of today, the outcomes of the project include 136 new preschools in rural communities, 258 trained preschool teachers, 13 retrofitted high schools, and 18 grants to higher education institutions through the Competitive Innovation Fund. As a result, these institutions provide more appropriate teaching and learning environments, including safer infrastructure, adequate ICT equipment and digital teaching and learning materials.
Under the EU4Innovation Trust Fund, the World Bank is helping improve the quality of STEM education, through modernized teaching and learning materials. By September 2023, Armenia had a fully revised STEM curriculum for middle and high schools (grades 5 to 12), improved learning materials, school-based STEM laboratories and subject standards as well as enhanced student-centered instructional methodologies/teaching methods.
Through a recently approved TEACH small grant, the Bank will be supporting the National Center for Education Development and Innovation (NCEDI) in scaling-up classroom observations in the country.
Last Updated: Oct 10, 2022