Today the 8th day of August 2024, the Armanian government endorsed off on a major loan agreement of 75 million Euros with French Development Agency.
According to the French Minister Vahe Hovhannisyan, he said in his statement that the project consists of three major element.
- Improvement of the public funds management system.
- strengthening of state bonds issuance and management circle and money market infrastructures.
- Development and more transparent management of new instruments of funding of entrepreneurial activities.
The following reforms directions have been defined under the mentioned components: increasing the efficiency of tax-budgetary planning, transparency and risk management, as well as state expenditures, reforms of state investments, including the state-private sector partnership system, modernization of the state procurement system, development of a green economy policy, increasing climate change adaptation and enhancement of application of green financial tools, improvement of state debt management system, development of financial and capital markets, expansion of corporate transparency.