Investment Committee Established: New Decision by Pashinyan

Prime Minister Nikol Pashinyan has signed a decision to establish the operational procedures of the Investment Committee.

The purpose of the Investment Committee's activities is to conduct preliminary selection of evaluated public investment program project proposals, defining priorities, approval, and making decisions regarding them.

The main tasks of the Investment Committee include:

1. To make impartial decisions ensuring socio-economic efficiency, deriving from the priorities of the Government of the Republic of Armenia and sectoral strategic programs, based on discussions of the evaluated public investment program project proposals.
2. To determine and approve the priorities of the evaluated public investment program project proposals.
3. To periodically review and update the list of defined priorities.

The meetings of the Investment Committee are chaired by the Prime Minister of the Republic of Armenia. In the absence of the Prime Minister, the meeting is chaired by the Deputy Prime Minister designated by the Prime Minister.

The meetings of the Investment Committee are recorded, documented, and are not subject to publication.

The Investment Committee discusses public investment programs evaluated by the Ministry of Economy of the Republic of Armenia, approves their priorities, and a list is compiled regarding them.

The activity of the Investment Committee ceases based on the decision of the Prime Minister of Armenia.