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NEWS » Economy » U.S. government to release $1.2 million grant to Armenia
Economy

U.S. government to release $1.2 million grant to Armenia

19.05.2016, 15:38
The Armenian government has approved today the release of a US government grant of $1.2 million.
U.S. government to release $1.2 million grant to Armenia
YEREVAN, May 19. /ARKA/. The Armenian government has approved today the release of a US government grant of $1.2 million. The money that will be disbursed via USAID is to be used to boost Armenia's private sector.

The money will be allocated as part of a bilateral agreement to support private sector’s competitiveness and diversification. It was signed in August 2010. A total of $55.1 million has been allocated already.

According to Armenian economy minister Artsvik Minasyan, $900,000 of the grant will be channeled to support regional energy integration program, and $300,000 to finance aviation and tourism programs. -0-
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