The World Bank board of executive directors will approve, by no later than March 16, the Social Investment and Local Development Project for Armenia.

Along the lines of this project, assistance will be provided to the Armenian government to improve the quality of, and access to, community infrastructure for the poor and vulnerable groups in the country.

In addition, the project will assist in the Armenia social investment fund’s establishment as regional development fund, transitioning from small and individual projects to larger and self-sufficient development projects.