Armenia, Sept. 25 -- The Asian Development Bank (ADB) has approved a $250 million results-based loan to support Armenia's social housing policy, provide long-term housing for ethnic Armenian refugees, and improve social and economic conditions in the country.The Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) Program will contribute toward financing and addressing the long-term, sustainable housing needs of approximately 109,000 refugees who fled to Armenia around September 2023. To support the program, ADB will also administer a $16.45 million grant provided by the Global Concessional Financing Facility. In support of the government's housing program under Decree N 710-L and its broader social housing policy o...