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EFSD main page> Projects> Budget support credit to Armenia

Budget support credit to Armenia

EFSD Council approved a budget support credit in the amount of 300 million dollars by three equal tranches during 2015-2017 to the Republic of Armenia by its decision as of October 29, 2015. The main objective of the Credit is to ensure support of specific activities under the Stimulus Program to promote economic growth and boost export-driven industries of the Government of the RA, aimed at adapting the economy to new external conditions and continuing and deepening structural reforms initiated in previous years. The Appraisal of the EFSD Manager of the Request of the RA for a budget support credit is attached here.

The first tranche in the amount of 100 million US dollars was disbursed to the Republic of Belarus on 28 December 2016 based on the appropriate decision of the Fund Council about satisfactory implementation of the tranche release conditions. The Manager’s Evaluation of the RA Report on compliance with the conditions for first tranche of EFSD budget support credit is attached here.

The second tranche in the amount of 100 million US dollars was disbursed to the Republic of Armenia on 6 December 2016 based on the appropriate decision of the Fund Council about satisfactory implementation of the tranche release conditions. Evaluation of the Implementation of the Programme Supported with EFSD Financial Credit to the Republic of Armenia is attached here.

Member States

  • The Republic of Armenia

    Republic
    of Armenia

  • The Republic of Belarus

    Republic
    of Belarus

  • The Republic of Kazakhstan

    Republic
    of Kazakhstan

  • Kyrgyz Republic

    Kyrgyz
    Republic

  • Russian Federation

    Russian
    Federation

  • The Republic of Tajikistan

    Republic
    of Tajikistan