LEID Credit Project

The Development Foundation of Armenia (DFA) is cooperating with the World Bank in carrying out the “Local Economy and Infrastructure Development” (LEID) project. The goal of the project is to increase the share of tourism within the local economy, by improving infrastructure services and institutional capacities in the five selected regions of Ararat, Kotayk, Lori, Syunik, and Vayots Dzor. For this purpose a loan of 55 million US dollars has been provided to Armenia.