43087-023: Crisis Recovery Support Program | Asian Development Bank

Armenia: Crisis Recovery Support Program

Sovereign (Public) Project | 43087-023 Status: Closed

ADB is helping Armenia accelerate its recovery from the impact of the global financial crisis. The program-based loan will help the government create and protect jobs, and shore up social safety nets. The quick-disbursing loan will also help maintain critical expenditures, such as wages and pensions.

Project Details

Project Officer
Sumbal, Asadullah Khan Central and West Asia Department Request for information
  • Armenia
  • Loan
  • Public sector management
Project Name Crisis Recovery Support Program
Project Number 43087-023
Country Armenia
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2530-ARM: Crisis Recovery Support Program
concessional ordinary capital resources lending / Asian Development Fund US$ 33.70 million
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Sector / Subsector

Public sector management / Public expenditure and fiscal management - Social protection initiatives

Gender Equity and Mainstreaming Some gender elements
Description To accelerate Armenia's recovery from the adverse impact of the global financial crisis.
Project Rationale and Linkage to Country/Regional Strategy
Impact Armenia's recovery from the global financial crisis is accelerated, and the social and economic impact is mitigated.
Project Outcome
Description of Outcome Government adopts counter-cyclical fiscal measures.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

(i) Social protection expenditures increased

(ii) New jobs created through public investment program

(iii) No salary and pension arrears

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
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
Business Opportunities
Consulting Services N/A
Procurement N/A
Responsible ADB Officer Sumbal, Asadullah Khan
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Finance and Economy
Republic of Armenia
1, Melik-Adamyan Street
Yerevan 0010
Concept Clearance 22 May 2009
Fact Finding 16 Mar 2009 to 27 Mar 2009
MRM 25 May 2009
Approval 06 Jul 2009
Last Review Mission -
PDS Creation Date 25 Nov 2009
Last PDS Update 16 Apr 2010

Loan 2530-ARM

Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Jul 2009 15 Jul 2009 08 Oct 2009 31 Dec 2009 - 15 Oct 2009
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 33.70 Cumulative Contract Awards
ADB 33.70 06 Jul 2009 34.29 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 06 Jul 2009 34.29 0.00 100%

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.

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Title Document Type Document Date
Amendment to Loan Agreement (Special Operations) for Loans 2529 and 2530-ARM: Crisis Recovery Support Program Loan Agreement (Special Operations) Jan 2017
Crisis Recovery Support Program Project/Program Completion Reports Dec 2010
Loan Agreement for Crisis Recovery Support Program between Republic of Armenia and Asian Development Bank dated 15 July 2009 Loan Agreement (Special Operations) Jul 2009
Crisis Recovery Support Program Reports and Recommendations of the President Jun 2009

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

Title Document Type Document Date
Armenia: Crisis Recovery Support Program Validations of Project Completion Reports Dec 2012

Related Publications

None currently available.

The Public Communications Policy (PCP) 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.


No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.