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Government to receive another financial assistance from USAID

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  • Government to receive another financial assistance from USAID

    Armenian Government to receive another financial assistance from USAID

    14:40, 29 September, 2012


    YEREVAN, SEPTEMBER 29, ARMENPRESS: The Armenian Mission Director of
    the United States Agency for International Development (USAID) Karen
    Hilliard and the Minister of Economy of the Republic of Armenia Tigran
    Davtyan signed an agreement on financial assistance of USD 14,6
    million on September 29. According to Armenpress, in the framework of
    the agreement Armenia will be allocated financial assistance of USD
    9,6 million for the implementation of economic reforms in Armenia and
    USD 5 million for the support of health and social reforms.

    "In the framework of our program we try to directly cooperate with the
    Armenian Government", - stated the Armenian Mission Director of the
    United States Agency for International Development Karen Hilliard.

    The Minister of Economy of the Republic of Armenia Tigran Davtyan
    stated that they worked on the program to make the results more
    visible. "Our partners believe in the reforms implemented by the
    Government of the Republic of Armenia", - said the Minister of
    Economy.

    Being the forth tranche, these allocations are made in the framework
    of the two agreements of USD 56 million in total signed on August 6
    2010 between the Governments of the United States and the Republic of
    Armenia.

    The agreements intended financial assistance of USD 56 million by the
    Government of the United States to the Republic of Armenia via the
    United States Agency for International Development, aiming at the
    formation of a more competitive and diversified private sector, as
    well as efficient reforms in the field of the health and social
    services.


    From: Baghdasarian
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