YEREVAN. – The World Bank will allocate Armenia a loan of $19.9 million for social reforms. 

The relevant agreement was approved during the government's session on Thursday. The funds will be allocated through International Development Association (IDA) – World Bank's agency  offering concessional loans and grants to the world's poorest developing countries.

The objectives of the project are to improve social protection service delivery, and strengthen analytical and monitoring and evaluation functions of the agencies delivering social protection benefits and services.