Technical Assistance Reports

Armenia: Technical Assistance Report-Enhancement of Public Investment Management Practices for Domestic and Externally Financed Projects

February 14, 2024

Download PDF Order a Print Copy
Order a Print Copy

Preview Citation

Format: Chicago

Armenia: Technical Assistance Report-Enhancement of Public Investment Management Practices for Domestic and Externally Financed Projects, (USA: International Monetary Fund, 2024) accessed November 19, 2024

Summary

This report analyzes current public investment practices in Armenia and identifies key reform areas. Building on the 2018 Public Investment Management Assessment (PIMA), it provides an overview of the Public Investment Management process and challenges to be tackled, including bottlenecks and solutions for the domestically and foreign financed projects. For domestically financed projects, the key recommendations are to ensure consistency of the definition of public investments across laws and regulations, ensure that all new projects use the PIM process by requiring key information for all projects, adopt a gradual approach to implementing the new procedures in the 2023 PIM Decree, and redesign the institutional framework for project monitoring. For foreign financed projects the key recommendations are to pilot projects in close coordination with one or more development partners to identify potential updates to the PIM decree and strengthen the existing monitoring framework.

Subject: International organization, Monetary policy

Keywords: Appraisal, Armenia, Budget reform, Budgeting, Capital budgeting, Capital cost, Performance based budgeting, Planning, Public expenditure, Public Financial Management, Public Investment, Public Investment Management (PIM)

Publication Details

  • Pages:

    56

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Technical Assistance Report No. 2024/006

  • Stock No:

    TAREA2024006

  • ISBN:

    9798400266942

  • ISSN:

    3005-4575

You May Also Be Interested In...

Quarterly Projection Model for the Bank of Ghana: Extensions and Applications

November 15, 2024

Central Bank Digital Currency: Progress And Further Considerations

November 8, 2024

Montenegro: Technical Assistance Report-Report on External Sector Statistics Mission (July 29-August 9, 2024)

October 11, 2024

Hungary’s Corporate Sector Risk: A Machine Learning Approach

August 13, 2024