Europe and Central Asia

Armenia


SDG Finance - Component 1

Making Finance Work for Transformative Change in Armenia: UN-locking Finance for Armenia 2030

Sustainable Development Goals
Total funding allocated
SDG Finance - Component 1
US $ 998330
Co-funding by UN agencies
SDG Finance - Component 1
US $ 642000
#IntegratedFinancing
#ClimateChange
#FoodSecurity
#HumanCapital

Brief Description

Building upon the momentum of the current wave of reforms in Armenia, triggered by the “velvet revolution” in 2018, the Joint Programme is designed to (i) help the Armenian Government create clear links between policies, planning and budgeting processes (horizontal workstream); and (ii) 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 (vertical workstream).

Approach

The JP is designed to operationalise the Armenian Transformation Strategy and sectoral strategies through an SDG integrated financial framework and strengthen the financing architecture for effective policy implementation. The programme focus will be on increasing the understanding of national financing needs and gaps and help channel resources towards sectors that disproportionately benefit vulnerable groups, including women. In line with the Theory of Change of the Joint Programme, investments in these sectors will in turn have a knock-on effect on other sectors, thus promoting sustainable development across all dimensions of the 2030 Agenda.

Quick facts

Total budget:
US $ 1,640,330

UN Agencies:

UNDP, UNICEF, WFP


National Partners:

Office of the Deputy Prime Minister, Ministry of Finance


Duration:
1 Jun 2020 - 31 May 2022

Financial Information