2024-09-01 07:19:48
Within the framework of the consultation held today under the leadership of Prime Minister Nikol Pashinyan, the project of the evaluation concept of public investment programs was discussed. It was developed by the Ministry of Economy, within the framework of cooperation with the International Monetary Fund, and has already been circulated in the concerned departments.
The concept proposes to introduce a system that evaluates the efficiency of public investment management, taking into account the criteria of sectoral planning, program evaluation and selection, investment budgeting. Deputy Minister of Economy Avag Avanesyan presented details on the process of defining and evaluating the public investment program, referring to the main principles, types of programs, stages of development, responsible bodies, qualitative and quantitative indicators of evaluation, the mechanisms of formation of the project bank, as well as the investment committee that performs evaluation.
During the exchange of ideas, issues related to the formation of the evaluation system were discussed, as well as what to do in the direction of its implementation. There was a reference to the issue of determining the key criteria for the analysis and evaluation of public investment programs, the activity of the investment committee, interoperability with strategic documents and other issues.
The Prime Minister emphasized that public investment programs should have an organic connection with the government’s activity plan, as well as sectoral strategies, in order to ensure the institutional integrity of the evaluation system. Nikol Pashinyan instructed to update the draft concept based on the results of the discussion and submit it for approval.