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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.
Strategic development documents (development policies): Armenia Transformation Strategy 2050 (ATS 2050) and about 20 new sectorial strategic documents have been designed since 2018, with the Public Finance Management (PFM) Strategy being approved in 2019. In addition to that there are many other strategic documents which have been designed before 2018 and are still in force. These documents are not always aligned with Government Programme, with each other or with budget programs. Misalignments result in improper design, implementation, and financing of the strategic documents. That’s why, to ensure full effectiveness, the strategies and associated action plans need to be properly analyzed, costed, and aligned with budget programs and integrated financing strategies.
SDGs: Alignment of country development strategies with SDGs and budgeting for SDGs are important for long-term sustainable development of the country. Their 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 alignment of development strategies of Armenia (both ATS and sectorial strategies) with SDGs makes possible for country systems produce SDG related information, including the priorities, targets, progress in achievement of the goals and, most importantly, a wide range of stakeholders play an active role in SDG-related policy and budget formulation, monitoring, reporting and accountability.
Project overview: Building on the ongoing reforms in the country, the current development of sectoral strategies and the adaptation of an Economic Response Plan to compound crisis in the country, the GoA is committed to translate the vision of the 2030 Agenda into national development strategies, plans and programmes. In line with this objective, the joint UNDP/UNICEF/WFP project “Making Finance Work for Transformative Change in Armenia: Unlocking Finance for Armenia 2030” has been designed to:
- help the GoA create clear links between policies, planning and budgeting processes; and
- deploy innovative and evidence-driven mechanisms to leverage partnerships and multiple sources of finance towards three priority areas in Armenia – climate change, food security and human capital.
This will include measures that can help the GoA develop capacities to reinforce its financing framework as a whole, discover new financing options that can support investments for development strategies and sectors that disproportionately benefit vulnerable groups, and strengthen medium and long-term planning by better aligning investment opportunities with longer-term Megagoals/the SDGs.