ArmInfo. The volume of US assistance in the framework of an agreement between Armenia and US "On a more competitive and diversified private sector" will be increased by $4,8mln. As a result, the total cost of the program is $61.1mln. On February 16, the Government of Armenia during the Cabinet meeting approved the relevant amendments to the Agreement.
According to the Armenian Minister of Economic Development and Investments Suren Karajan, the funds will be spent on completion of 6 programs, in particular, "Partnership for rural prosperity", implemented by the National Center for Development of Small and Medium Enterprises (SME DNC), which started in August 2013 and, It is expected to close in July 2018. The "Extended Rural Development Initiative", aimed at promoting employment growth in rural areas, was launched in September 2013 and will be completed in September 2018. Launched in July 2015 the program "Cultural Tourism in Armenia" will be completed in 2020 and is aimed at identifying the cultural heritage of the country. "Promoting Agribusiness Training Center" held in July 2014 and completed in July 2019. As a part of the program is to promote literacy in the field of agribusiness. The following program is aimed at integrated development of advanced science and cooperation - was launched in September 2015 and will be completed in March 2019. The implementation of the latter 6th program, as the minister said, will contribute to the development of Armenia's civil aviation.