ArmInfo. Armenia's government has approved on Thursday a proposal for signing a loan agreement "Green, sustainable and inclusive development policy programme" between Armenia and the OPEC Fund for International Development.
According to the explanatory note, the program aims to promote green, sustainable and inclusive development in Armenia by promoting climate change mitigation and adaptation, improving environmental management and energy efficiency, ensuring greater levels of equity and promoting human capital development, as well as strengthening governance.
Implementation of measures and reforms in a number of areas identified by a bilaterally agreed table of policy actions is a prerequisite for receiving budget support funds. The program is being implemented jointly with the World Bank, so the scope of reforms is identical to the policy table of the loan agreement signed with the World Bank on April 4.
The scope of the program reforms includes, in particular, the following measures, which, in turn, also consist of sub-measures:
Promoting climate change mitigation and adaptation, as well as improving the regulatory framework for environmental management; a) management of public investments b) promotion of energy efficiency c) conservation of atmospheric air d) environmental impact assessment.
Strengthening equality and promoting human capital development.
a) improving the targeting of the social support system b) introducing a new competency-based curriculum to achieve learning outcomes.
Improving the effectiveness of the anti-corruption system and the justice sector a) evaluation of state aid b) justice and anti-corruption. Note that by September of this year. The OPEC International Development Fund accounts for 0.8% of the Armenian government debt in the amount of $10.8bln.
