YEREVAN, September 29. / ARKA /. The US Agency for International Development (USAID) will provide Armenia with additional $9.6 million for supporting economic reforms and $5 million for supporting reforms in health care and social services.
The relevant documents were signed today by Armenian economy minister Tigran Davtyan and director of USAID Yerevan Office Karen Hilliard.
Mr. Davtyan said the fresh USAID assistance to Armenia comes as additional assistance to $56 million aid, provided for by an agreement signed in 2010 by the governments of Armenia and the United States to promote a more competitive and diversified private sector and improve efficiency of health and social services.
"This is additional money that was not envisaged originally. The fact that the U.S. government has decided to provide additional grants to Armenia is because previous grants were utilized effectively,’ he said.
On her turn, Karen Hilliard said the agreements signed in 2010 envisage implementation of projects until 2013. She said the additional assistance will be used to promote economic reforms to boost growth and reforms in the social sector until 2013.
"We are now developing a new five-year program of assistance to Armenia, “ she added. -0-