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U.S. Senate Committee Approves $58Mln Allocation To Armenia As Finan

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  • U.S. Senate Committee Approves $58Mln Allocation To Armenia As Finan

    U.S. SENATE COMMITTEE APPROVES $58MLN ALLOCATION TO ARMENIA AS FINANCIAL ASSISTANCE FOR 2007 FISCAL YEAR

    ARKA News Agency, Armenia
    July 3 2006

    YEREVAN, July 3. /ARKA/. The U.S. Senate Committee on foreign
    assignments approved Thursday allocation of $58mln to Armenia as
    financial assistance for 2007 fiscal year.

    Armenian Assembly of America told ARKA News Agency that this assistance
    is $17mln smaller than that of 2006 fiscal tear.

    Armenian Assembly of America expressed concern over the reduced
    assistance and announced its intention to work with the U.S. Senate and
    House of Representatives to ensure necessary resources for Armenia's
    security, prosperity and democratic development.

    This assistance is very vital to Armenia, since the country is in
    blockade from east and west, the Assembly Executive Director Bryan
    Ardouny stressed.

    Besides, the Senate's Committee voted for $3.5-million parity
    military assistance to Armenia and Azerbaijan. Both countries will
    also receive $790 thousand each under international military education
    and training program.

    Another $5 million was approved as humanitarian assistance for Nagorno
    Karabakh. This assistance is $5mln greater than that of 2006.

    From: Emil Lazarian | Ararat NewsPress
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