US To Reduce Economic Aid To Armenia By 38%

US TO REDUCE ECONOMIC AID TO ARMENIA BY 38%

Vestnik Kavkaza, Russia
April 11 2013

The US Congress plans to reduce economic aid for Armenia by 38% to
the lowest volume since the earthquake in 1988, News Armenia reports.

The Armenian National Committee of America (ANCA) and the group for
Armenian issues at the US Congress requested $50 million in early
2013, but the US president granted $24.719 million. Financial aid
totaled $40 million in 2013.

According to the IMET program, financial aid totals $600,000, while
FMF states $2.7 million.

Executive Director of the ANCA Aram Gamparyan said that President
Obama had failed to double trade and investments with Armenia.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2013/04/13/us-to-reduce-economic-aid-to-armenia-by-38/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS