Finance Section

The Division is an independent structural unit of PIU and directly subordinated to the Director.

 

The main objectives of the Division are listed below: 

 

  • Undertaking financial functions of the PIU in line with International Agreements, International Accounting Standards, Republic of Armenia legislation and the PIU Charter;
  • Participating in preparation of annual (or other periodical) plan budgets of the PIU;
  • Ensuring receipt of funds required for implementation of the Programs and further disbursement thereof;
  • Undertaking tasks related to implementation of components and sub-components of the PIU Programs;
  • Analyzing financial effectiveness of the PIU Programs under implementation.

 

Division functions are as follows:

 

  • Undertaking financial functions of the PIU in line with International Agreements, International Accounting Standards, Republic of Armenia legislation and the PIU Charter;
  • Participating in preparation of annual (or other periodical) plan budgets of the PIU;
  • Receiving funds required for implementation of the Programs;
  • Undertaking tasks related to implementation of components and sub-components of the PIU Programs;
  • Analyzing financial status of the PIU Programs.


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