US REDUCES FINANCIAL ASSISTANCE TO ARMENIA AGAIN
Vestnik Kavkaza, Russia
Feb 3 2015
3 February 2015 – 4:20pm
The US administration has introduced a new budget for the financial
assistance to the countries of the South Caucasus in 2016.
The paper proposes cutting economic assistance to both Armenia and
Azerbaijan, while maintaining parity in military aid to these two
countries.
“The President’s proposal of $18,360,000 in Economic Support Funds
for Armenia in Fiscal Year (FY) 2016 would, if approved by Congress,
represent a record low in such aid since Armenia’s independence,”
ArmInfo writes.
The Executive Director of the Armenian National Committee of America,
Aram Hamparian, is concerned about the Obama administration’s
intentions. If the budget is approved, the Economic Support Fund
will provide $7,978,000 to Azerbaijan, $18.36 million to Armenia,
$50,552,000 to Georgia.
Foreign Military Financing to both Armenia and Azerbaijan amounts
to $1.7 million, Georgia is not funded. For international military
education and training, Azerbaijan will receive $600,000, Armenia –
$600,000, Georgia – $ 2.2 million.
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.
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