Hicks, Norman2017-08-152017-08-152010978-1-60244-149-1https://hdl.handle.net/10986/27865Armenia gained its independence from the Soviet Union in 1991 and inherited a traditional Soviet- style command economy. After a period of hyperinflation and economic contractions, progress on basic reforms led to greater macroeconomic stability. The reform effort strengthened after 2000, aided by return flows of investment from the diaspora. Recognized for its prudent fiscal management and improved business environment, Armenia received a Rehabilitation Credit (RC) from the World Bank in 1995 and a series of five Structural Adjustment Credits(SACs) from 1996-2003 to maintain stability, accelerate growth, and sustain reform. The PRSC program in Armenia centered on four main themes that supported Armenia's poverty- reduction objectives: i) consolidating macroeconomic discipline and strengthening governance;ii) sharpening competition and entrenching property rights; iii) mitigating social and environmental risks; and iv) modernizing the rural economy. The PRSC also identified good governance and reduction of corruption as essential to achieving pro-poor growth. Furthermore, reforms implemented under the PRSC were intended to make the social sectors more efficient, raise the quality of services, and increase access for the poor.en-USCC BY 3.0 IGOACCESS TO SAFE WATERACCOUNTABILITYACCOUNTING SYSTEMACCRUAL BASISACCUMULATION OF PAYMENT ARREARSADJUSTMENT LENDINGAGENCY MANAGEMENTAGRICULTURAL DEVELOPMENTAGRICULTURAL EXTENSIONAGRICULTURAL PRODUCTIVITYAID EFFECTIVENESSANNUAL BUDGETANNUAL BUDGETSAUDIT SYSTEMAUDIT SYSTEMSAUDITORSBRIBESBUDGET ALLOCATIONSBUDGET BALANCEBUDGET CLASSIFICATIONBUDGET CLASSIFICATION SYSTEMBUDGET EXECUTIONBUDGET LAWBUDGET PLANNINGBUDGET PROCESSBUDGET REFORMBUDGET SYSTEMBUDGETARY FUNDBUDGETARY FUNDSBUDGETARY PROCESSCAPACITY BUILDINGCAPACITY CONSTRAINTSCAPACITY-BUILDINGCAPITAL INVESTMENTCAPITAL SPENDINGCASH BASISCENTRAL BANKCHART OF ACCOUNTSCOMPETITIVE PROCUREMENTCONDITIONALITIESCONDITIONALITYCONFLICTCOST ESTIMATESCOST RECOVERYCOUNTRY PROCUREMENTCOUNTRY PROCUREMENT ASSESSMENTDEBTDECENTRALIZATIONDIAGNOSTIC WORKDONOR COORDINATIONDRINKING WATERECONOMIC GROWTHEDUCATION SERVICESEFFICIENCY IMPROVEMENTSEXCHANGE RATEEXPENDITURE ALLOCATIONSEXPENDITURE CONTROLEXPENDITURE DATAEXPENDITURE MANAGEMENTEXPENDITURE RATIONALIZATIONEXTERNAL AUDITEXTERNAL AUDITSEXTREME POVERTYFARMERSFINANCIAL ACCOUNTABILITYFINANCIAL INTERMEDIATIONFINANCIAL SECTORFISCAL ADJUSTMENTFISCAL DEFICITFISCAL DEFICIT TARGETFISCAL DEFICITSFISCAL POSITIONFISCAL PRUDENCEFISCAL RISKFISCAL STANCEFOOD SAFETYFOOD SECURITYFORMAL ECONOMYGENERAL BUDGET SUPPORTGOVERNMENT ACCOUNTSGOVERNMENT BUDGETGOVERNMENT EXPENDITURESGOVERNMENT FINANCEGOVERNMENT FINANCE STATISTICSGOVERNMENT REVENUEGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTGROSS NATIONAL PRODUCTGROWTH RATEHEALTH CAREHEALTH SECTORHEALTH SERVICESHUMAN DEVELOPMENTINCOMEINCOME DISTRIBUTIONINCOME POVERTYINDEPENDENT EXTERNAL AUDITORINFLATIONINFRASTRUCTURE SERVICESINTERNAL AUDITIRRIGATIONMACROECONOMIC MANAGEMENTMACROECONOMIC STABILITYMARKET ECONOMYMEDIUM-TERM EXPENDITUREMEDIUM-TERM EXPENDITURE FRAMEWORKMINISTRY OF FINANCENATIONAL DEVELOPMENTNATIONAL DEVELOPMENT PLANNATIONAL SECURITYPENSION REFORMPERFORMANCE ASSESSMENTPERFORMANCE CRITERIAPERFORMANCE INDICATORSPOLICY FORMULATIONPOORPOVERTY ASSESSMENTSPOVERTY RATESPOVERTY REDUCINGPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGIESPOVERTY REDUCTION STRATEGYPOVERTY REDUCTION STRATEGY PAPERPOVERTY REDUCTION SUPPORTPOVERTY-REDUCING GROWTHPRIVATE INVESTMENTPRIVATE SECTORPROGRAM BUDGETINGPROGRAM BUDGETSPROGRAM CLASSIFICATIONPROGRAMSPRUDENT FISCAL MANAGEMENTPUBLIC ADMINISTRATIONPUBLIC AGENCIESPUBLIC DISCLOSUREPUBLIC ENTERPRISEPUBLIC EXPENDITUREPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURE REVIEWPUBLIC EXPENDITURESPUBLIC FINANCIAL MANAGEMENTPUBLIC FINANCIAL MANAGEMENT SYSTEMSPUBLIC HEALTHPUBLIC INVESTMENTPUBLIC INVESTMENT PROGRAMPUBLIC MANAGEMENTPUBLIC PROCUREMENTPUBLIC SECTORPUBLIC SECTOR ACCOUNTINGPUBLIC SECTOR MANAGEMENTPUBLIC SECTORSPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SERVICESPUBLIC SPENDINGPUBLIC UTILITIESQUALITY OF EDUCATIONQUALITY OF SERVICESQUALITY STANDARDSREFORM EFFORTSREFORM PROGRAMREGULATORY FRAMEWORKREGULATORY REFORMRESOURCE FLOWSRISK MANAGEMENTRURALRURAL ECONOMYSAVINGSSECTORAL REALLOCATIONSELF-ASSESSMENTSERVICE PROVIDERSSERVICE PROVISIONSOCIAL BENEFITSSOCIAL EXPENDITURESSOCIAL INDICATORSSOCIAL INSURANCESOCIAL PROTECTIONSTATE BUDGETSTATE TAXSTRUCTURAL ADJUSTMENTSTRUCTURAL REFORMSSUSTAINABILITY OF REFORMSTARGETINGTARGETING MECHANISMSTAX ADMINISTRATIONTAX COLLECTIONTAX COLLECTIONSTAX EVASIONTAX PAYMENTSTAX REFORMTAX REVENUETAX REVENUESTAX SYSTEMTAXPAYERSTECHNICAL ASSISTANCETOTAL EXPENDITURESTRANSPARENCYUNCERTAINTYUNEMPLOYMENTWorking PaperWorld Bank10.1596/978-1-60244-149-1