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European Commission transfers Euro 5 million assistance to Armenia

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  • European Commission transfers Euro 5 million assistance to Armenia

    AZG Armenian Daily #108, 07/06/2008

    EC-Armenia

    EUROPEAN COMMISSION TRANSFERS 5 MILLION ASSISTANCE TO
    ARMENIA

    The European Commission has disbursed the first
    installment of a 16 million package to fight
    unemployment, especially among the young workforce,
    through reforms of the Vocational Education and
    Training (VET) sector. The funds are part of the
    European Commission's 2007 Annual Action Programme for
    Armenia, endowed with a total of 21 million
    assistance funds. This first transfer was made on 5
    June 2008. Two further installments are foreseen until
    2010. Mr. Hugues Mingarelli, Deputy Director-General
    of the European Commission's Directorate-General for
    External Relations, responsible for European
    Neighborhood Policy and for relations with Eastern
    Europe, Southern Caucasus and Central Asia, the Middle
    East and Southern Mediterranean, gave a press
    conference together with Mr. Tigran Davtyan, Minister
    of Finance of the Republic of Armenia, Armenian Public
    Radio reported.In the framework of the European
    Neighborhood Policy (ENP), Armenia and the European
    Commission have agreed to focus assistance of the
    European Union to Armenia allocated in 2007 on further
    reforms of the Vocational Education and Training (VET)
    sector, building on extensive experience and lessons
    learned from previous TACIS and other EU funded
    projects. EU assistance to VET reforms in Armenia for
    2008 will be delivered through large scale Budget
    Support of 15 mln EUR, completed by a 1 mln EUR
    project of technical assistance, i.e. 16 mln EUR in
    total. The disbursement of the 15 mln EUR will be done
    in three installments of 5 mln EUR each. The
    conditionalities were mostly linked to the preparation
    of the "Strategy on Restoring Strength in Education"
    (to be implemented in 2010-2015) and to the
    rehabilitation of selected VET centers. The programme
    as a whole aims at improving the VET institutions as
    well as the cooperation between employment and
    education sectors, and at enhancing the business
    climate for boosting job-creation.In the period
    1992-2006 the European Commission has provided more
    than 400 million euro in grants to Armenia through a
    wide range of instruments, the most important ones
    being TACIS, ECHO, Food Security Programme (FSP),
    European Initiative for Democracy and Human Rights
    (EIDHR) and Macro-Financial Assistance (MFA).More
    particularly, since 1999, the EU has spent over 25 mln
    EUR to development of the Education sector in Armenia,
    through support to VET reforms and TEMPUS programme.
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