EC released EUR 3.25 million to Armenia under Sector Policy Support
Programme

armradio.am
10.03.2009 18:03

The European Commission released EUR 3.25 million to Armenia under
Sector Policy Support Programme in Vocational Education and Training
(VET)

The specific objective of the Sector Policy Programme is to strengthen
the reform of the vocational education and training (VET) sector
focusing on institutional capacity to steer and monitor the reform
process as well as link it with budgeting and resource management.

It is coherent with the sector policy support programme funded under
European Commission TACIS AP 2006, ENP AP2007 and builds on the reform
measures undertaken by the Ministry of Education and Science (MoEs) in
2005-2008.

The programme has an overall budget of Euro 16 million, out of which
Euro 1 million is earmarked for the Technical Assistance component. The
?¬ 15m component of budget support is implemented against satisfactory
fulfillment of policy conditions identified and agreed upon by the
Commission and the Government of Armenia. Installments are payable to
the Armenian State budget subject to fulfillment of policy conditions.
The first fixed tranche of ?¬5 mln was paid to the state budget in June
2008 upon fulfillment of two pre-conditions and signature of Financing
Agreement. Second tranche of Euro 3.25 million was paid in February
2009.

Main implementing partners under this Programme are the Ministry of
Education and Science, Ministry of Labor and Social Affairs, Ministry
of Finance, Ministry of Economy as well as social partners.