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