WB to provide $110mln loan to Armenia for universal health coverage 

ArmInfo. The International Bank for Reconstruction and Development, part of the World Bank Group,  will provide Armenia with a loan of 102 million euros to support the program "Achieving Universal Health Coverage". At a meeting on July 18, the RA Government approved a draft agreement with the Bank for  signing.

According to the Deputy Minister of Health of the Republic of Armenia  Lena Nanushyan, the funds provided are planned to be used to  implement the universal health insurance program, as well as to  improve the quality of primary health care, ensure the availability  of medical services throughout the country, improve the efficiency of  government spending in the health sector and reduce financial burden  of the population. Loan funds will be provided in separate tranches  when the RA government achieves target indicators.

Nanushyan said that work on the agreement lasted about a year. It was  finally agreed upon in May of this year. The final deadline for the  project is September 20, 2029. The program supports the  implementation of the five-year action plan of the Armenian  government for 2021-2026, and is part of the "Health System  Development Strategy".