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World Bank $3.7 Million Grant to Assist Families in Armenia Affected by War

The World Bank will issue a $3.72 million grant to Armenia to assist families affected by last year’s war in Karabakh.

The grant, designed to “improve the resilience of conflict-affected people and to reduce the financial burdens of hosting families”, is part of the World Bank’s Support to Conflict Affected Families Project.

The goals of the program are:

1- Assist some 11,530 displaced persons by paying them a monthly cash benefit of the minimum wage (AMD 68,000) per adult / child in Armenia for up to 4 months.

2 - Provide financial assistance/income support to 3,975 families in Armenia who hosted displaced persons to meet basic needs.

3- Temporarily subsidize the employment program for 936 IDPs who wish to gain work experience in Armenia, promote their participation in labor market and economic involvement.

4 - Assist 115 IDPs through a public works program (for paid work).

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