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.
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