WASHINGTON, November 21, 2019 - The World Bank’s Board of Executive Directors today approved the following project:
Armenia Development Policy Operation
IBRD Loan: EUR 45.8 million (US$50 million equivalent)
Terms: Maturity = 25.5 years, Grace = 14.5 years
Project ID: P169624
Project Description: The operation supports 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 of the justice sector and the civil service.