Financial Crime World

Armenia’s Fight Against Corruption Slows Amid Challenges

Despite significant progress in its anti-corruption efforts since the 2018 Velvet Revolution, Armenia has faced numerous challenges that have hindered its momentum. The country’s government has introduced a slew of reforms aimed at strengthening its legal and institutional framework for combating corruption, but critics argue that more needs to be done.

Key Areas of Focus

  • Introduction of new laws aimed at bolstering Armenia’s asset recovery regime
  • Whistleblower protection legislation
  • Legally binding integrity principles for civil servants
  • Creation of an anti-corruption commission
  • Specialized anti-corruption court
  • New department for asset recovery in the prosecutor general’s office

Challenges Ahead

While initial data suggests that perceived corruption has decreased in Armenia, experts warn that there are still significant gaps in the country’s framework for preventing and countering corruption. Some of these challenges include:

  • Incomplete asset recovery regime
  • Slow efforts to strengthen integrity within the judiciary
  • Precarious geopolitical context
  • Threats to national security
  • Growing political polarization
  • Pushback from pre-revolutionary elites

Experts’ Assessment

Despite these challenges, experts believe that Armenia is still on a positive trajectory, but more needs to be done to ensure sustained progress.

Government Response

The Armenian government has acknowledged the need for continued reform and has pledged to address the remaining gaps in its anti-corruption framework. However, critics argue that more concrete action is needed to translate promises into tangible results.

Looking Ahead

As Armenia continues to navigate these challenges, experts are closely watching developments to see whether the country can overcome its obstacles and make meaningful progress against corruption. Only time will tell if Armenia’s efforts will yield lasting results in its fight against corruption.