Discussion Held on the Concept of Evaluation System for Public Investment Programs

Today, a discussion was held under the leadership of Prime Minister Nikol Pashinyan regarding the draft concept for the evaluation of public investment programs. This concept has been developed by the Ministry of Economy in cooperation with the International Monetary Fund and has already been circulated among interested agencies.

The concept proposes to implement a system that evaluates the effectiveness of public investment management, taking into account criteria for sectoral planning, program evaluation and selection, and budgetary allocations for investments. Deputy Minister of Economy Avag Avanesyan provided details about the definition and evaluation process of public investment programs, addressing the main principles, types of programs, stages of development, responsible bodies, qualitative and quantitative indicators for evaluation, the program bank, as well as mechanisms for forming the evaluating investment committee.

During the exchange of ideas, questions related to the formation of the evaluation system and the necessary actions for its implementation were discussed. The focus was also on determining key indicators for the analysis and assessment of public investment programs, the activities of the investment committee, its interaction with strategic documents, and other issues.

The Prime Minister emphasized that public investment programs should have an organic link to the government's activity program, as well as sectoral strategies, to ensure the institutional integrity of the evaluation system. Nikol Pashinyan instructed to revise the draft concept based on the discussion outcomes and submit it for approval.