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Armenia: Second Public Efficiency and Financial Markets Program

Sovereign (Public) Project | 53248-001 Status: Closed
Project Name Second Public Efficiency and Financial Markets Program
Project Number 53248-001
Country Armenia
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3859-ARM: Second Public Efficiency and Financial Markets Program, Subprogram 1
Ordinary capital resources US$ 40.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Finance / Banking systems and nonbank financial institutions - Central banking systems - Infrastructure finance and investment funds - Money and capital markets - Small and medium enterprise finance and leasing

Public sector management / Economic affairs management - Public expenditure and fiscal management

Gender Equity and Mainstreaming No gender elements
Project Rationale and Linkage to Country/Regional Strategy
Impact Fiscal sustainability and resilience in the finance sector increased by 2022.
Project Outcome
Description of Outcome Depth of financial markets increased.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Public debt and fiscal risk management policies and practices strengthened

Government securities market deepened and money market infrastructure improved

Base of instruments and investors broadened and corporate transparency enhanced

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)
[email protected]
1 Melik Adamyan, Yerevan
Concept Clearance 24 Sep 2019
Fact Finding 02 Sep 2019 to 04 Sep 2019
MRM 13 Sep 2019
Approval 14 Nov 2019
Last Review Mission -
Last PDS Update 14 Nov 2019

Loan 3859-ARM

Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Nov 2019 14 Nov 2019 17 Dec 2019 31 Dec 2019 - 31 Dec 2019
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 40.00 Cumulative Contract Awards
ADB 40.00 14 Nov 2019 40.70 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 14 Nov 2019 40.70 0.00 100%

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Related Publications

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