U.S. to give $14.6 million in assistance

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