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ARMENPRESS: US STATE DEPARTMENT PRAISES ARMENIA FOR LEADING ROLE IN POLITICAL AND ECONOMIC REFORM IN EURASIA

A US State Department fact sheet on U.S. Assistance to Armenia in Fiscal Year 2004 termed the country as one of the leading performers in Eurasia in economic and political reform, a weighty factor that has made Armenia eligible, together with the neighboring Georgia, for receiving grants from the Millennium Challenge Account.

“While economic growth has been strong, it has yet to provide significant benefit to the vast majority of the population. As such, U.S. assistance focuses on the growing small- and medium-scale enterprise sector. Our democracy, economic, and law enforcement programs will help to strengthen the democratic structures and foundations in Armenia, as well as support regional stability and security,” according to the fact sheet.

The US government assistance in 2004 for Armenia was $89.7. Some $13 million were allocated for Democracy Programs, $50.2 million for Social Security and Economic Reform, $15.4 million for Law Enforcement, $6.3 million as Humanitarian Assistance and $4.8 million for Cross Sectoral Initiatives.

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