Social Investment and Local Development RETF (WB-P156378)

Countries
  • Armenia
Where the impacts of the investment may be experienced.
Specific Location
Syunik and Vayots Dzor
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
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
B
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
Aug 9, 2016
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
Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Infrastructure
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.43 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 2.43 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 8, 2017

Disclosed by Bank Mar 1, 2016


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Project Description
This project finances direct capital investments to facilitate tangible improvements in public infrastructure and services across multiple communities. The pilot municipalities are Syunik and Vayots Dzor marzes.
Investment Description
  • World Bank (WB)
This project is being funded by the Free-standing Single Purpose Trust Fund
Contact Information
World Bank Contact: Briana N. Wilson Title: Senior Operations Officer Tel: 458-9791 Email: bwilson3@worldbank.org Page 6 of 6 Borrower/Client/Recipient Name: MINISTRY OF FINANCE Contact: Mr. Pavel Safaryan Title: Deputy Minister of Finance Tel: 37460-70-03-12 Email: press@minfin.am Implementing Agencies Name: Ministry of Territorial Administration and Emergency Services Contact: Vache Terteryan Title: Deputy Minister Tel: 374152-52-74 Email: mta@mta.gov.am Name: Armenia Territorial Development Fund (ATDF) Contact: Ashot Kirakosyan Title: Executive Director, ATDF Tel: 37410247123 Email: asif@armeniasif.am ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.