YEREVAN. – At Thursday’s Cabinet session, the government of Armenia approved the President’s draft decree on confirming Amendment No. 12 to the agreement to support a more competitive and diversified private sector in Armenia.
The US allocations on the margins of this agreement, which the Armenian and American governments had signed, are currently $73,255 million.
With Amendment No. 12 which the United States Agency for International Development (USAID) had submitted, additional $7.449mn allocations are envisaged to fund the USAID program on infrastructure, agriculture, and tourism in Armenia.
As a result, the grants which the US is providing to Armenia within the framework of the aforesaid agreement will total $80.7 million.