Time in Yerevan: 11:07,   19 March 2024

IBRD to provide $21 million credit to Armenia for public sector modernization

IBRD to provide $21 million credit to Armenia for public sector modernization

YEREVAN, APRIL 6, ARMENPRESS.   The International Bank for Reconstruction and Development will provide Armenia with $21 million for the modernization of the public sector. “Armenpress” reports the National Assembly of Armenia discusses the credit agreement signed on November 15, 2015 between the Republic of Armenia and the International Bank for Reconstruction and Development, which is the third credit agreement for the modernization of the public sector. Deputy Chairman of the State Revenue Committee Vakhtang Mirumyan submitted the credit agreement for the discussion of the National Assembly. “The program of modernization of the public sector is the logical continuation of the two previous programs. We enter the final phase of the program. During the first two phases we mainly implemented institutional reforms, elaborated the main directions of our policy, relevant functional analysis was done, and we already have business procedures, so this third program is the logical continuation of the works conducted during the first two programs and comes to ensure the function ability of the program”, “Armenpress” reports Mirumyan stating.

He added that the first component of the program is about Financial Management Information Systems. “Here we speak about the investment of GFMIS systems widely applied in international practice, which means a strict supervision over the state expenses and overall accountability”, Mirumyan clarified.

The second component of the program is improvement of e-governance services. According to Mirumyan, this is about consolidation of e-governance systems of the state structures and creating one unified platform, which will create extra conveniences for our citizens and entrepreneurs. 








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