| Project Detail |
Project Name Preparing and Implementing the Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) Program Project Number 58122-002 Country / Economy Armenia Project Status Active The Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) Program aims to address the long-term, sustainable housing needs of displaced ethnic Armenians who fled to Armenia in September 2023 because of the long-running conflict with Azerbaijan. Approximately 109,000 ethnic Armenians entered Armenia. The Armenian enclave was formally dissolved on 1 January 2024. In support of the Government Housing Program (hereafter N 710-L), the program aims to (i) address long-term and sustainable housing needs for the displaced population through stability, economic inclusion, and improved living conditions; (ii) strengthen and restructure government institutions, leading to effective and implementable social housing policies and housing financing practices; (iii) encourage regional development in underdeveloped areas of Armenia, fostering economic growth and community resilience. N 710-L is aligned with the Programme of the Government of the Republic of Armenia (2021-2026). The amount of indicative ordinary capital resources funding required for the subsequent loan is $250 million. THRIVE is the proposed results-based lending (RBL) program that will be supported by the technical assistance (TA). World Bank will provide parallel financing under their program-for-results financing (PforR) modality, with both institutions working collaboratively with the government and aligning assessments, missions, disbursement-linked indicators (DLIs), and other aspects of their respective programs. |
