Support and Validation of Seismic Safety Improvement Program Indicators (ADB-49078-003)

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
Approved
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
Nov 16, 2018
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
Government of Armenia
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 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 Mar 13, 2019

Disclosed by Bank Nov 28, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to ADB website, the TA aims to support implementation of the Seismic Safety Improvement Program (SSIP), the first results-based lending program (RBL program) in the country. SSIP with an amount of $88.5 million was approved on 22 September 2015. The loan closing date originally was 31 May 2021 and was extended to 31 May 2024 due to start up delays and budget consolidation. The executing agency (EA) is the Ministry of Territorial Administration and Development (MTAD) and the implementing agency (IA) is the Armenian Territorial Development Fund (ATDF). The RBL program supports the implementation of the National Strategy for Disaster Risk Reduction by (i) improving school seismic safety to reduce casualties and damages 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.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Ministry of Territorial Administration and Development
Government House 3, Republic Square

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