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17 Nov 2022

Armenia: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)

The program aimed at strengthening the management of public debt and fiscal risk, increasing money market liquidity and transparency in financial markets. It also sought to increase corporate transparency to encourage the development of corporate debt and equity markets, by developing the legislative framework for new financial instruments.
This report validates the completion report's assessment of the program. IED overall assessment: Successful.

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Independent Evaluation Department, Asian Development Bank
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