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CSV
Lesson
When designing results frameworks, the use of policy actions as results indicators should be minimized. If the indicator measures the reform success by the completion of the policy actions, it provides little information on the success of that policy action and undermines the relevance of the policy action for no result is achieved other than itself.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Development partners should both support and take advantage of opportunities that arise when governments are committed to reform, which should also be recognized in their country programming. the government that came to office in 2018 was strongly reform-minded. Even though Armenia suffered two exogenous shocks in the form of the coronavirus disease (COVID-19) and conflict with a neighboring country, reform commitment did not waver. This contributed strongly to the ultimate outcome of this program.

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
When programs embody reforms that are directed at strengthening the institutional framework for the operation of key markets, such as those underlying financial markets, clearly articulating them in the program documents clarifies objectives. By not doing so, it risks the results of the program not being fully apparent due to the lengthy period for the reforms to come to fruition. By setting as outcome objectives, what the improved framework will lead to places the outcome outside the time frame of the program

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
The introduction of a lease contract for water service delivery was innovative in the Armenia and former Soviet Union state context, which provides a model for other countries to consider.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
There is a need to determine if public financial reforms should be undertaken within the context of sector investments or separately.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
The reform’s overall impact should be assessed by how much investment in road and urban water increase—which the PCR did not discuss in detail. This program might have been better designed as a sector development loan, which combine program and investment loans.

Project Number: 46220-001
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
The incentive framework should have played a larger role in moving the economic agenda forward.

Project Number: 39658-013
Project Name: Economic Recovery Program
Report Date:
Lesson
No additional lessons

Project Number: 43087-013, 43087-023
Project Name: Crisis Recovery Support Program
Report Date:
CSV