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 Name||Crisis Recovery Support Program|
|Project Type / Modality of Assistance||Loan
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change|
|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.|
|Description of Outcome||Government adopts counter-cyclical fiscal measures.|
|Progress Toward Outcome|
|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||Republic of Armenia|
Summary of Environmental and Social Aspects
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|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|
Ministry of Finance and Economy
Republic of Armenia
1, Melik-Adamyan Street
|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|
|Approval||Signing Date||Effectivity Date||Closing|
|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%|
|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.
The Public Communications Policy (PCP) 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.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|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
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.
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