YEREVAN. – Armenia expects to receive 7.6 billion drams, or 14.5 million euros, under the budget assistance program of the EU-Armenia Action Plan. This is stated in Armenia’s draft state budget for 2020.
In addition, it is expected to receive $55.1 million along the lines of targeted grant projects, in which Russia will allocate $10.7 million.
The EU is expected to allocate a $13.1mn grant.
In addition, within the framework of other grant programs, the German KfW bank is expected to provide Armenia $7.1 million, $2.4 million from the Global Fund, $8.1 million from the European Bank for Reconstruction and Development, $1.9 million from the European Investment Bank for the implementation of the North–South Transport Corridor project, $2.8 million from the World Bank, and $9 million from some other donors.
In terms of other revenues, Armenia plans to receive 61.7 billion drams by 2020, of which 30.6 billion drams from off-budget programs against 55.1 billion drams in 2019.