On November 21, the RA Minister of Finance Vardan Aramyan received the World Bank delegation led by the World Bank Armenian representative K. Migara De Silva. The working meeting discussed issues on the introduction of information system of the government’s financial management envisaged within the framework of the World Bank’s “Public Sector Modernization Project III (PSMP III)” in Armenia. In particular, Minister Aramyan presented to the members of delegation the road map of activities developed for the introduction of the project.
The “Public Sector Modernization Project III (PSMP III)” was signed on November 18, 2015. It consists of four key components which are mainly aimed at the improvement of public financial reports quality and availability of improved services of electronic governance.
The “Public Sector Modernization Project III (PSMP III)” of Armenia is marked to be completed in December, 2020.