Armenia : Supporting Diagnostic Assessment of Public Financial Management
The period 20082018 has been much less promising with economic performance characterized by low growth, low investment, deteriorating infrastructure, and growing income disparities. A rapidly increasing public-debt stock has left Armenia with reduced fiscal space. Second-generation domestic structural reforms are needed to help generate stronger and inclusive economic growth, while preserving fiscal sustainability and reducing external vulnerabilities. While the PFM system in Armenia has undergone several positive developments between 20142018, including a range of legislative initiatives, institutional changes, and improvements in methodologies and guidelines that were identified as high priorities in the PFM Reform Strategy, these have not resulted in the functional improvements that the government aimed to achieve.
Project Details
-
Project Officer
Farinha Fernandes, Joao Pedro
Sectors Group
Request for information -
Country/Economy
Armenia -
Sector
- Public sector management
Project Name | Supporting Diagnostic Assessment of Public Financial Management | ||||
Project Number | 53207-001 | ||||
Country / Economy | Armenia |
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Project Status | Active | ||||
Project Type / Modality of Assistance | Technical Assistance |
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Source of Funding / Amount |
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Strategic Agendas | Inclusive economic growth |
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Drivers of Change | Governance and capacity development Knowledge solutions |
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Sector / Subsector | Public sector management / Public administration |
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Gender | No gender elements | ||||
Description | The period 20082018 has been much less promising with economic performance characterized by low growth, low investment, deteriorating infrastructure, and growing income disparities. A rapidly increasing public-debt stock has left Armenia with reduced fiscal space. Second-generation domestic structural reforms are needed to help generate stronger and inclusive economic growth, while preserving fiscal sustainability and reducing external vulnerabilities. While the PFM system in Armenia has undergone several positive developments between 20142018, including a range of legislative initiatives, institutional changes, and improvements in methodologies and guidelines that were identified as high priorities in the PFM Reform Strategy, these have not resulted in the functional improvements that the government aimed to achieve. Although PFM practices in Armenia are nominally sound and considered international standard, in practice there has been a great deal of functional mimicry, institutional fragmentation, overlapping mandates, and ineffective or redundant procedures. These challenges, coupled with inadequate domestic revenue mobilization, have negatively impacted public service delivery and overall economic productivity. | ||||
Project Rationale and Linkage to Country/Regional Strategy | The Government, in place since May 2018, recognizes that strong public financial management (PFM) can help efforts to achieve fiscal consolidation and debt reduction while improving prospects for macroeconomic stability and inclusive economic growth. It has made PFM reform one of the key pillars of its economic and social development agenda. In December 2018 the government requested the Asian Development Bank (ADB) for technical assistance (TA) in order to support: (i) diagnostic work and analysis on performance-based budgeting (PBB), public investment management (PIM) and revenue management, that would contribute to the update the PFM Reform Strategy 20162020 , which it hopes to complete by August 2019, (ii) preparation of a prioritized and sequenced PFM Reform Implementation Roadmap that would, amongst other things, provide a cohesive framework for internal and development partner coordination, and (iii) capacity building and training programs needed to implement the Roadmap. | ||||
Impact | Institutional modernization of the public administration and governance achieved (Armenia Development Strategy for 2014-2025) |
Project Outcome | |
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Description of Outcome | Institutional knowledge and capacity for effective PFM and PIM improved. |
Progress Toward Outcome | |
Implementation Progress | |
Description of Project Outputs | Enabling environment for PBB, PIM and revenue management reviewed. 2.Institutional capacity for effective PBB, PIM and revenue management strengthened. |
Status of Implementation Progress (Outputs, Activities, and Issues) | |
Geographical Location | Nation-wide |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation |
Responsible ADB Officer | Farinha Fernandes, Joao Pedro |
Responsible ADB Department | Sectors Group |
Responsible ADB Division | Public Sector Management and Governance Sector Office (SG-PSMG) |
Executing Agencies |
Ministry of Finance (MOF) |
Timetable | |
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Concept Clearance | - |
Fact Finding | 22 Apr 2019 to 22 Apr 2019 |
MRM | - |
Approval | 22 May 2019 |
Last Review Mission | - |
Last PDS Update | 30 May 2019 |
TA 9737-ARM
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
22 May 2019 | - | 22 May 2019 | 30 Jun 2020 | 20 May 2024 | - |
Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
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ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
Gov | Beneficiaries | Project Sponsor | Others | |||||
220,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 220,000.00 | 09 Sep 2023 | 184,814.20 |
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Tenders
Tender Title | Type | Status | Posting Date | Deadline |
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PFM Strategy and Implementation Specialist | Individual - Consulting | Closed | ||
Supporting Diagnostic Assessment of Public Financial Management (PFM) - Public Financial Management Reform Project Coordinator and Team Leader | Individual - Consulting | Closed | ||
Supporting Diagnostic Assessment of Public Financial Management (PFM) - Public Investment Management Specialist | Individual - Consulting | Closed | ||
Supporting Diagnostic Assessment of Public Financial Management (PFM) - Performance-Based Budgeting Specialist | Individual - Consulting | Closed | ||
Supporting Diagnostic Assessment of Public Financial Management (PFM) - Revenue Management Specialist | Individual - Consulting | Closed | ||
Supporting Diagnostic Assessment of Public Financial Management (PFM) - PFM Specialist (Intl) | Individual - Consulting | Closed |
Contracts Awarded
Procurement Plan
None currently available.