USAID launches $24.5 million Economic Foundations for Resilient  Armenia project

ArmInfo.The US Agency for International Development (USAID) is launching a new Economic  Foundations for Resilient Armenia project in Armenia.

According to the press service of the Ministry of Economy, the main  goal of the project is to contribute to strengthening the economic  sustainability of Armenia, increasing competitiveness and improving  the economic management of the country through close cooperation  between the public and private sectors (PPP).

The budget for the program, which will be implemented by the  Cultivating New Frontiers for Agriculture (CNFA) organization, is  $24.5 million.

The project is implemented by the Cultivating New Frontiers for  Agriculture (CNFA) organization. The budget of this five-year project  is 24.5 million US dollars.

Armenian Minister of Economy Vahan Kerobyan noted that within the  framework of the project, reforms will be carried out aimed at  increasing the sustainability of both private and public management  systems and ensuring economic growth.

According to the source, at the event on the launch of the project,  memorandums of intent were signed between USAID and the Ministry of  Economy, as well as the Enterprise Armenia Foundation.