June 23, 2022 - 15:16 AMT
U.S. to provide $120M grant for democratic reforms in Armenia

The United States will provide Armenia with a $120 million grant, according to an agreement approved for signing by the government on Thursday, June 23.

The document, which will be signed with the U.S. Agency for International Development (USAID), seeks to assist Armenia in the implementation of reform programs aimed at strengthening democracy and economic stability.

USAID is planning to distribute its contribution as follows: $68.5 million will be spent on promoting democracy, while $51,5 million on improving economic security in the country.