Thursday, May 11 2017 14:37
Alexandr Avanesov

USA to allocate $1.4 million to Armenia for energy sector reformation

USA to allocate $1.4 million to Armenia for energy sector reformation

ArmInfo. USA to allocate a $1.442 million grant to Armenia for energy sector reformation in the republic. The 10th modification in the Armenian-American treaty is approved during the meeting of the Armenian Government on May 11.

According to the Minister of the Economic Development and Investment of Armenia Suren Karayan, the treaty was signed in 2010. August 6. 9 modifications were made. By now, the total amount of US financial aid to Armenia is $ 61.1 million plus the upcoming $ 1.442 million. The funds is to be allocated by the USAID within the framework of the program for improving competitiveness of the private sector.

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