Social Sectors Reform Program (ADB-51129-001)

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
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
Dec 7, 2017
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
  • Education and Health
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)
$ 1.45 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 Sep 28, 2018


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Project Description

According to ADB website, the government has asked ADB to provide support through the policy-based lending (PBL) modality, which will include two subprograms to tackle development challenges in the education and health sectors. Dialogue with the government on reform is substantially advanced with regard to education, but at an early stage for health. Thus, the first subprogram will focus mainly on education sector policy reform and include initial support for policy reform in the health sector, while the second subprogram will increase support for health sector reform. 

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agencies: 

Ministry of Education and Science
Vazgen Sargsyan St., 3/8 Building,
0010 Yerevan, Armenia

Ministry of Finance (MOF)
1 Melik Adamyan, Yerevan, Armenia

Ministry of Healthcare
3 Government Building, Republic Square,
0010 Yerevan, Armenia

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