Strength in Giving: Armenia's Partnership with IDA

Just 9 years after receiving support from the International Development Association (IDA), Armenia has become a donor—boosting its pledge by 30% in its second funding cycle. Akihiko Nishio, World Bank VP for Development Finance, visited Armenia to meet with Finance Minister, Vahe Hovhannisyan ND, and celebrate this milestone. He also toured Engineering City, a tech hub once backed by IDA support. Learn how the country has transformed its own progress into an opportunity to support others: 🌐http://wrld.bg/BOlz50XC5jx 00:00 Armenia's remarkable development journey 00:40 A pledge to become an IDA donor 01:40 Building a modern, innovative economy 02:23 Armenia's generous 30% contribution increase to IDA 💬 Subtitles (CC) available ABOUT THE WORLD BANK 🌐 The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. http://www.worldbank.org