Ratings for the First, Second, and Third Development Policy Operations Project for Armenia were as follows: outcomes were satisfactory, the risk to development outcome was moderate, the Bank performance...
In 2009, Armenia fell into what was to be known as the nation's worst recession since early 1990s. The economy declined by 14%, and poverty rose from 28% to 36%, affecting one in every three citizens of...
The objective of the Second Development Policy Operation (DPO) Program for Armenia is to address vulnerability by protecting the poor and supporting greater human capital development, while improving competitiveness...