Armenia Social Reforms Attracts World Bank Aid

Armenia is expected to receive USD12 million from the World Bank to support two of its social-sector development programs. The Washington-based lender approved a USD7 million credit line for Armenia’s social investment fund, which finances labor-intensive infrastructure projects. The funds will be used to repair and rehabilitate various schools, pipelines, community centers and health clinics throughout the country.

The World Bank will also contribute USD5 million for an ongoing social protection project the aims to improve the delivery of social and employment services, strengthen related institutions and target social safety net programs.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.