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LOANS & CREDITS March 20, 2020

Armenia Social Investment and Local Development Project – Additional Financing

WASHINGTON, March 20, 2020 - The World Bank’s Board of Executive Directors today approved the following project:

Additional Financing for the Social Investment and Local Development Project in Armenia

IBRD Loan: EUR 17.9 million (US$20 million equivalent)

Terms: Maturity = 25.5 years, Grace = 14.5 years

Project ID: P148836

Project Description: The project assists the Government in improving the quality, access to, and use of community and intercommunity infrastructure and services by: supporting socio-economic development and capacity building at the local level, inter-community social and economic development initiatives and strengthening of the Armenian Territorial Development Fund.

 For more information, please visit:  


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