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US State Dept. praises Armenia for leading role in political &

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  • US State Dept. praises Armenia for leading role in political &

    ArmenPress
    Feb 3 2005

    US STATE DEPARTMENT PRAISES ARMENIA FOR LEADING ROLE IN POLITICAL AND
    ECONOMIC REFORM IN EURASIA

    YEREVAN, FEBRUARY 3, ARMENPRESS: A US State Department fact sheet
    on U.S. Assistance to Armenia in Fiscal Year 2004 termed the country
    as one of the leading performers in Eurasia in economic and political
    reform, a weighty factor that has made Armenia eligible, together
    with the neighboring Georgia, for receiving grants from the
    Millennium Challenge Account.
    "While economic growth has been strong, it has yet to provide
    significant benefit to the vast majority of the population. As such,
    U.S. assistance focuses on the growing small- and medium-scale
    enterprise sector. Our democracy, economic, and law enforcement
    programs will help to strengthen the democratic structures and
    foundations in Armenia, as well as support regional stability and
    security," according to the fact sheet.
    The US government assistance in 2004 for Armenia was $89.7. Some
    $13 million were allocated for Democracy Programs, $50.2 million for
    Social Security and Economic Reform, $15.4 million for Law
    Enforcement, $6.3 million as Humanitarian Assistance and $4.8 million
    for Cross Sectoral Initiatives.
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