Republic of Armenia

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Financial autonomy remains limited for municipalities in Armenia, affecting local decision-making and resource allocation.
Fostering effective data exchange was highlighted as a key action to enhance municipal financial accountability.
The technical assistance report outlines recommendations for improving local government borrowing and oversight structures.
Strengthening public financial management systems may support better fiscal decisions at the municipal level.

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Technical assistance report identifies opportunities for financial autonomy and effective data exchange in local government systems.

International Monetary Fund. Fiscal Affairs Dept. (2025) studied this question.

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