02138cas a2200241 a 4500 AALejournalIMF019047 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484396933 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Fiscal Affairs Dept. Republic of Armenia : Technical Assistance Report-Public Investment Management Assessment. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (60 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses results of a technical assistance report prepared to evaluate the quality of Armenia's public investment institutions in the planning, budgeting, and implementation stages of public investment management. Significant gaps exist in the efficiency of public investments, both in terms of physical outputs and quality. The report also highlights that in a context of limited fiscal space, the scaling up of public investments will require the prioritization of efforts to introduce reforms in the following areas in need of urgent action. The recommendations in this report prioritize the eight actions at the key stages of the project cycle and for the Ministry of Finance's capacity development. Recommendation is also made to establish a constraint on in-year changes in project implementation plans and complete the transformation of the Audit Chamber from the Control Chamber. Armenia is expected to have a more robust audit function when the provisions in the new Law on the 'Audit Chamber' are fully implemented. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/033 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/033/002.2019.issue-033-en.xml IMF e-Library