Project Description
The Bank manages multiple tasks, such as aiding Small and Medium Enterprises (SMEs) and improving firm productivity. It aims to help Armenia's Ministry of Economy by analyzing firms to find ways to enhance productivity and job growth. Additionally, it strengthens the National Statistics Agency's ability to collect firm data. The Bank also evaluates policies to encourage SMEs, especially those involved in exports, to adopt digitalization and innovation, leading to customized programs promoting these areas and integration into Global Value Chains (GVCs).
Project Objectives
The specific objective of the Trust Fund are 1. to support the Government of Armenia to improve economic governance by enhancing the social and economic impact of public investment, including by strengthening its capacity to support public-private partnerships and its public investment, including by strengthening its capacity to support public-private partnerships and its public procurement framework, as well as reinforcing fiscal sustainability, 2. To support GoA identify policies aimed at strengthening the business environment, supporting SMEs and increasing firm productivity, and 3. assist the Armenian Ministry of Justice in consultation with judiciary of Armenia in generating and disseminating a comprehensive assessment of Judiciary sector, including providing recommendations for improving the physical infrastructure of courts, targeting a reorganization of the court map of Armenia (re-shaping and improving the physical capacities and infrastructure of the courts).
