Parliamentary committee OKs €45.3 million ADB results-based loan for healthcare reforms

A parliamentary committee on Monday approved the bill on ratifying the Armenia-ADB €45.31 million loan agreement.

The Asian Development Bank (ADB) had earlier approved a €45.31 million ($50 million equivalent) results-based loan to help improve the quality of health care services in Armenia.  

The Health Care Quality Improvement Program will support the government’s health sector reform priorities by enhancing inclusive, as well as climate and gender-responsive health facilities in the country. The program will also strengthen capacity for improved delivery of high quality care and institutionalize quality monitoring and accountability, according to the ADB.

Lena Nanushyan, the deputy minister of healthcare, told lawmakers at the meeting of the fiscal and budgetary affairs committee that developing the healthcare sector is the government’s priority.

The disbursements of the loan are based on results – a verification process will take place after reaching every defined criterion, and only then disbursements will be made.