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U.S. to give $14.6 million in assistance

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  • U.S. to give $14.6 million in assistance

    U.S. to give $14.6 million in assistance

    http://www.a1plus.am/en/economy/2012/09/29/tigran-davtyan
    12:43 pm | Today | Economy


    The United States will give $14.6 million in assistance to Armenia.
    The purpose is to foster economic growth and help effect healthcare
    and social reforms.

    Armenian Minister of Economy Tigran Davtyan and USAID Mission Director
    for Armenia Ms. Karen Hilliard signed today the document on the 4th
    tranche of U.S. assistance to Armenia. $14.6 million is provided in
    addition to $56 million allocated to the Armenian government in 2010
    when the country became more competitive.

    Following the signing ceremony Karen Hilliard stated that they now try
    to cooperate with the Armenian government directly, rather than
    through other organizations.

    Tigran Davtyan said that Armenian government has worked effectively;
    otherwise no additional financing would have been provided. "It is
    gratifying that assistance is given in the form of grants. Seeing that
    the programs are implemented successfully and the policy of reforms is
    conducted in the right direction, our partners, namely the World Bank
    and the European Union have provided additional financing in recent
    period".

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