The 2030 Agenda: The 2030 Agenda for Sustainable Development (2030 Agenda), adopted by world leaders in September 2015 at an historic UN Summit, presents an ambitious, complex and interconnected vision for sustained and inclusive economic growth, social inclusion, and environmental protection, fostering peaceful, just, and inclusive societies. Realizing this vision will require mobilizing and effectively utilizing a diverse range of public and private resources. The Addis Ababa Action Agenda, which outlines a framework for financing the 2030 Agenda, calls for integrated approaches to finance that are driven at the national level.
The Armenia Transformation Strategy 2050 (ATS 2050): The ATS 2050 is the nation-wide strategic development agenda for Armenia aimed to become a single point of reference for any government as well as civil society and business strategic initiatives for the upcoming three decades. The ATS 2050 is designed to be continuously updated due to new strategic issues arising and strategic solutions introduced through an inclusive and participatory process which is enabled by open innovation approach, as well as respective digital infrastructure and strategic communications. This calls for a systemic change for mobilization and re-alignment of public and private financial resources (domestic and international) towards sectoral and cross-sectoral initiatives, which can bring sustainable economic, social and environmental results.
Sustainable Development Goals (SDGs): Budgeting for SDGs reform paths and solutions vary in their nature and can be applied in isolation or need an orchestrated effort throughout the whole Agenda-2030 timeframe. The modelling of Budgeting for SDGs (B4SDG) choice can vary from a base model aimed at enabling governments in understanding better the alignment of its budget resources with SDGs to a ’best practice model’, where country systems produce SDG related information, including the priorities, targets, progress in achievement of the goals and, most importantly, a wide range of stakeholders, including the governmental authorities, donors, IFIs and others.
Project overview: The Project is designed to support the Government of Armenia (GoA) to align country’s strategic development agenda such as the ATS with the SDGs, the sectorial development policies and budget programs, and to design a financing strategy for a priority reform area in the country. To ensure continuous and targeted support to the GoA and MoF, the objectives of this Project are to:
- introduce a strategic layer of national priorities and development goals into the state budget management by linking the development strategies with the ATS and the SDGs as well as to the state budget financing and private financing
- support the national capacities development on strategic development, planning and budgeting processes, including SDG budgeting implementation in Armenia
- further support to the Integrated National Financing Framework (INFF) operationalization by assisting GoA to design a financing strategy for a priority reform area (one sector in industry) to be selected jointly with the Ministry of Finance (MoF) in consultations with the DPM’s office after aligning the ATS with budget programs and development policies; pilot financing strategy’s effective integration in the MTEF/budget process.