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LOANS & CREDITS November 21, 2019

Armenia Development Policy Operation

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. 

More information


Sona Panajyan
(202) 473 9751
Vigen Sargsyan
(374 10) 594 244