Second Development Policy Operation

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The objectives of the Second Development Policy Operation Project for Armenia are to i) strengthening the business environment, ii) improving access to credit, iii) improving efficiency and transparency of the civil service, iv) expanding social protection, and v) improving fiscal space and the management of public infrastructure and environmental resources. The operation will focus on the five main policy areas. (1) The business environment with inspection agencies reform, trade facilitation through introduction of a one-stop-shop border clearance concept and establishment of joint border controls with Georgia, transparency and competition in aviation through open skies and a new institutional structure for government oversight. (2) Access to credit with enhanced credit reporting, an improved legal framework for secured transactions, bankruptcy and debt workouts. (3) Efficiency and transparency of the public administration through civil service reform, and through a legal and regulatory framework for e-commerce and egovernance. (4) Expansion of social protection. (5) Fiscal space and the management of public infrastructure and environmental resources through publishing the impact of tax expenditures and removing some of them, improving financial and technical sustainability of drinking water, irrigation, and roads, and introducing a new legal framework for environmental impact assessments in the mining sector.