{"id":66476,"date":"2021-05-07T11:11:23","date_gmt":"2021-05-07T09:11:23","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=66476"},"modified":"2021-05-07T11:11:23","modified_gmt":"2021-05-07T09:11:23","slug":"world-bank-offers-3-72-m-grant-to-back-20000-displaced-people-in-armenia","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/world-bank-offers-3-72-m-grant-to-back-20000-displaced-people-in-armenia\/","title":{"rendered":"World Bank offers $3.72 m grant to back 20,000 displaced people in Armenia"},"content":{"rendered":"

The World Bank<\/a> will offer a one-year grant of $3.72 million to buttress 20,000 displaced families and 4,000 host families in Armenia.<\/p>\n

Sylvie Bossoutrot, World Bank Country Manager for Armenia, signed a grant agreement with Atom Janjughazyan, Acting Minister of Finance of Armenia for the “Support to Conflict Affected Families\u201d project.<\/p>\n

Funds for the project are provided by the multi-donor State and Peacebuilding Fund (SPF).<\/p>\n

Armenia has developed a broader social protection response package with support from development partners and non-governmental organizations.\u00a0This project will be implemented by the Ministry of Labor and Social Affairs of Armenia, through its subordinated agency \u2014 the Unified Social Service\u00a0\u2014 and aims to improve the resilience of conflict affected people and reduce the financial burden of host families, with a particular focus on women and vulnerable members of the population.<\/p>\n

\u201cWe are pleased to sign this timely Agreement supported by the State and Peacebuilding Fund Grant,\u201d said\u00a0Sylvie Bossoutrot, World Bank Country Manager for Armenia.<\/p>\n

\u201cThis project is of extreme importance and the assistance granted to displaced individuals and their host families will help to improve the resilience of families affected by the conflict.\u201d<\/p>\n

The proposed project will contribute to selected social protection and employment support programs, which are part of a larger support package targeting displaced people and their host families, from the Government of Armenia.<\/p>\n

Specifically, the project\u00a0aims to reach around 11,530 displaced persons with a monthly cash benefit equal to the minimum wage (68,000 AMD) per adult\/child for up to four months in Armenia.<\/p>\n

The project is meant to provide cash assistance\/income support to 3,975 families in Armenia hosting displaced people to help meet basic consumption needs.<\/p>\n

It also aims to temporarily subsidize an employment program for 936 displaced people who are looking to gain work experience in Armenia and facilitate their labor market participation and economic inclusion.<\/p>\n

It also seeks to support 115 displaced individuals\u00a0through the\u00a0public works program (cash-for-work).<\/p>\n

\u201cThe project is designed to especially benefit women affected by the conflict,\u201d said\u00a0Maddalena Honorati, World Bank Task Team Leader. \u201cAccording to a rapid multi-sector needs assessment conducted last December, women represent 70 percent of the adult displaced population. The cash transfers will help them meet their basic needs on a day-to-day basis. More importantly, the project will improve the resilience of the displaced families and promote social cohesion in their host communities.\u201d<\/p>\n

The State and Peacebuilding Fund\u00a0<\/strong>is a global fund administered by the World Bank to finance critical development operations and analysis in situations of fragility, conflict, and violence (FCV). The SPF is kindly supported by Australia, Denmark, France, Germany, The Netherlands, Norway, Sweden, Switzerland, The United Kingdom, as well as the World Bank.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

The World Bank will offer a one-year grant of $3.72 million to buttress 20,000 displaced families and 4,000 host families in Armenia. Sylvie Bossoutrot, World Bank Country Manager for Armenia, signed a grant agreement with Atom Janjughazyan, Acting Minister of Finance of Armenia for the “Support to Conflict Affected Families\u201d project. Funds for the project […]<\/p>\n","protected":false},"author":410,"featured_media":66477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[10481,6739],"yoast_head":"\nWorld Bank offers $3.72 m grant to back 20,000 displaced people in Armenia - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The World Bank will offer a one-year grant of $3.72 million to buttress 20,000 displaced families and 4,000 host families in Armenia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/world-bank-offers-3-72-m-grant-to-back-20000-displaced-people-in-armenia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank offers $3.72 m grant to back 20,000 displaced 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