Closed Compact Report: Armenia Compact | March 2021
Conditions Precedent
| Key Compact Component(s) | Major CP or Policy Reform Required | Rating Met on Time/Deferred/Waived |
|---|---|---|
| Compact wide | The Central Banking Authority will modify the regulatory framework for the licensing of MFIs as credit organizations. | Met |
| Irrigated Infrastructure Project – Infrastructure Activity | MCA-A has arranged for 15% WUA co-financing of investment in tertiary canal systems consistent with the World Bank Irrigation Development Project. | Met |
| Irrigated Infrastructure Project – Infrastructure Activity | The GoA has developed and adopted legislation and/or regulations, or amended existing legislation and regulation, to facilitate the establishment of agricultural cooperatives. | Met |
| Irrigated Infrastructure Project – Infrastructure Activity | The GoA has developed and adopted legislation and/or regulations to improve statistics on agriculture, including an accounting of the sector and data collection. | Met |
| Irrigated Infrastructure Project – Infrastructure Activity | The GoA adopted the amendment of Article 16 of the Law on Water Users Associations and Federations of Water Users Associations proposed by the Government. | Met |