Seismic Safety Improvement Program (ADB-49078-001)

Countries
  • Armenia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 22, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Armenia
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 88.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS May 1, 2017

Disclosed by Bank Sep 29, 2016


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Project Description
According to bank documents, this project will support the implementation of the National Strategy for Disaster Risk Reduction during 2015- 2020 by (i) improving school seismic safety to reduce casualties and damage in schools during earthquakes, and (ii) enabling better use of school buildings as shelters for the general public and as focal points for emergency response after earthquakes. The program reflects the key focus areas advocated by the National Strategy for Disaster Risk Reduction, and is in line with the four priorities identified in the Sendai Framework for Disaster Risk Reduction, 2015- 2030.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main