RA MINISTRY OF FINANCE, EUROPEAN COMMISSION MEMBERS HOLD JOINT SEMINAR
PanARMENIAN.Net/
09.06.2009 14:10 GMT+04:00
/PanARMENIAN.Net/ The Armenian Ministry of Finance and European
Commission’s Directorate-General for Budget initiated a seminar on
Public Internal Financial Control (PIFC) in Armenia and EU on June 8,
2009. The event brought together high ranking officials, including
Head of European Commission Delegation to RA, Ambassador Raul de
Luzenberger. The sides agreed on further cooperation on financial
security between Armenian government and European Commission.
PIFC was developed in the late 1990s as a means for Eastern Bloc
countries working toward full membership in the European Union (EU) to
implement the necessary control systems to safeguard public resources.