U.S. GOVERNMENT TO PROVIDE $53 MILLION TO ARMENIA FOR ECONOMIC DEVELOPMENT AND SOCIAL REFORMS
/ARKA/
August 9, 2010
YEREVAN
On Friday, Armenian Economy Minister Nerses Yeritsyan, U.S. Ambassador
to Armenia Marie L. Yovanovitch and USAID Yerevan Office Head Jatinder
Cheema signed two agreements, under which $53 million will be provided
to Armenia over the period between 2010 and 2013 for promoting economic
development as well as social and health reforms in the country.
The agreements imply support for the private sector and steps aimed
at creation of a favorable environment for development of small-
and mid-scale businesses.
The top focuses of these agreements are innovations, enhancement of
availability of financial resources, development of the labor market
and cooperation between state and private sectors.
Under the agreement on promoting social and health reforms, USAID
will continue supporting the government in its efforts to improve
social and healthcare services.
Yeritsyan said that Armenian-American cooperation keeps developing. He
expressed hope that these agreements would contribute a great deal
to this development.
The minister said that a special emphasis would be put on support
for small and medium businesses.
Ambassador Yovanovitch, stressing importance of the agreements,
said that they would make cooperation between the two countries in
economic and social areas closer.
Cheema, the head of the Yerevan Office of USAID, said these agreements
mark a new stage of the U.S.-Armenia cooperation.
From: A. Papazian