Armenia: Fiscal Sustainability and Financial Markets Development Program (Subprogram 1)
Project Details
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Project Officer
Farinha Fernandes, Joao Pedro
Central and West Asia Department
Request for information -
Country/Economy
Armenia -
Sector
- Finance
| Project Name | Fiscal Sustainability and Financial Markets Development Program (Subprogram 1) | ||||||||
| Project Number | 55103-001 | ||||||||
| Country / Economy | Armenia |
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| Project Status | Active | ||||||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Partnerships |
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| Sector / Subsector |
Finance / Money and capital markets Public sector management / Public expenditure and fiscal management |
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| Gender Equity and Mainstreaming | Some gender elements | ||||||||
| Description | |||||||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||||||
| Impact | |||||||||
| Project Outcome | |
|---|---|
| Description of Outcome | |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Nation-wide |
| Safeguard Categories | |
|---|---|
| Environment | C |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Responsible ADB Officer | Farinha Fernandes, Joao Pedro |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, CWRD |
| Executing Agencies |
Ministry of Finance (MOF) |
| Timetable | |
|---|---|
| Concept Clearance | 01 Aug 2022 |
| Fact Finding | 02 Aug 2022 to 05 Aug 2022 |
| MRM | 31 Aug 2022 |
| Approval | 15 Nov 2022 |
| Last Review Mission | - |
| Last PDS Update | 16 Nov 2022 |
Loan 4250-ARM
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 15 Nov 2022 | 17 Nov 2022 | 16 Dec 2022 | 30 Jun 2023 | - | - |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 100.00 | Cumulative Contract Awards | |||
| ADB | 100.00 | 17 Dec 2022 | 0.00 | 0.00 | 0% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 17 Dec 2022 | 0.00 | 0.00 | 0% |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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| Title | Document Type | Document Date |
|---|---|---|
| Loan Agreement (Ordinary Operations) for Loan 4250-ARM: Fiscal Sustainability and Financial Markets Development Program (Subprogram 1) | Loan Agreement (Ordinary Resources) | Nov 2022 |
| Fiscal Sustainability and Financial Markets Development Program (Subprogram 1): Report and Recommendation of the President | Reports and Recommendations of the President | Oct 2022 |
| Fiscal Sustainability and Financial Markets Development (Subprogram 1): Concept Paper | Concept Papers | Aug 2022 |
| Fiscal Sustainability and Financial Markets Development (Subprogram 1): Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Aug 2022 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
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New ADB Program to Strengthen Fiscal Management, Deepen Financial Markets in Armenia
ADB has approved a $100 million policy-based loan under a new program that will help strengthen fiscal management and improve financial markets in Armenia.
Tenders
No tenders for this project were found.
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.