The Deputy Prime Minister of the Republic of Armenia Tigran Avhinyan on March 12 in the format of video conferencing took part in a joint review of the projects of the Eurasian Stabilization and Development Fund of the Eurasian Fund, the press service of the government. The Vice Prime Minister made a welcoming speech: "I am glad to welcome all of you as part of the work on the joint review of the portfolio of projects implemented in Armenia to the Eurasian Stabilization and Development Fund. I will attach great importance to this event for a number of reasons. First of all, it is an additional opportunity to further strengthen partnerships and lay the foundation for a more coordinated and efficient implementation of projects through a practical dialogue.
Due to the coronavirus epidemic and unleashed by Azerbaijan against Artsakh war in 2020, our country entered into a period of serious economic downturn, and these realities also had a negative impact on the implementation and efficiency of programs. However, as part of the rapid response policy, adopted to overcome the economic crisis The government, among other activities and goals, has also set itself the goal of achieving a significant increase in the efficiency of the implementation of capital investment programs as one of the most important guarantees of economic recovery. It is happening that the implementation of the project portfolio review process in conjunction with development partners provides additional guarantees to effectively implement projects. As a manifestation of bilateral obligations. This is also very important in terms of ensuring the fiscal sustainability of the country and the formation of a potential field for new public investment initiatives and programs. The general portfolio of active projects of Armenia with the Eurasian Stabilization and Development Fund is about $ 200 million, while the average efficiency of the provision of allocations is about 68%. Although the partner portfolio is small from the point of view of financial volumes and the number of projects, the Eurasian Foundation for Stabilization and Development is one of the most important partners of Armenia, and I think that there will be opportunities for the further development of the partnership. Let's not deepen further into the details so that we can do more time. Decide to discuss projects. The agenda of the event provides that at the first stage we will discuss already implemented 4 projects: 3 credit and 1 grant. At the second stage, we will discuss the planned 3 grant programs. "In the course of the event, projects are discussed at the implementation stage. The current stage of construction of the North-South highway was raised; program to modernize irrigation systems; Projects "Construction of the Mastara Reservoir" and "Improvement of the Prevention and Control of Noncommunicable Diseases in the Primary Health Stall". The planned grant projects were raised. The planned grant projects were affected, such as the involvement of energy saving mechanisms in public buildings and promoting the development of green energy; creating an e-market exchange; Increasing the level of readiness to the COVID-19 pandemic in the Republic of Armenia, the detection and response to the threat, created by Coronavirus.Ind, an agreement was reached on the continuation of the work on the implementation of effective management of programs through the joint Protocol and the Action PlanThe parties expressed mutual interest in making measures to develop a strategy for cooperation between the Eurasian Foundation for Stabilization and Development and a Partner Country. It is planned that the assessment of the project portfolio will be regular that project management becomes as efficient as possible, and the current issues were quickly solved.