The FINANCIAL — The European Commission and Armenia have signed two financing agreements to help Armenia improve its labour market and strengthen the country’s fiscal governance.
The new ‘Better Qualifications for Better Jobs’ programme will improve the employability of the workforce, with a particular emphasis on agricultural employment.
The programme will support the development of a national system of professional orientation and career guidance centres. It will contribute to the development of qualifications and aims to improve the employability of jobseekers, according to EU Neighbours East Info.
With a budget of EUR 15.2 million, it will also improve the mechanisms to identify and match labour supply with private and public sector demand through more effective data. In addition, the initiative has a particular focus on employment of agricultural Vocational Education Training (VET) graduates.
An additional programme with a EUR 10 million budget will support the reform of Public Finance Policy in Armenia, addressing the transparency of public spending in line with international standards and practices. It will strengthen the accountability and transparency of the budget and its spending, through better accounting as well as auditing practices.
