Economic Foundations for Resilient Armenia 5-year activity aims to  mobilize $60 million: USAID Armenia

ArmInfo. "USAID is making a huge investment in Armenia's economy!", USAID Armenia reminds.

As the Agency reports,  United States Agency for International  Development officially launched the Economic Foundations for a  Resilient Armenia activity with a budget of about $25 million. The  primary objective of this activity is to strengthen Armenia's  economic resilience, and promote competitiveness and economic  governance through close cooperation with both the government and the  private sector. 

"The U.S. Government, through USAID, is committed to aiding Armenia's  economic growth. This involves partnering with the private sector to  bring in investments, technology, and knowledge; improving the  business environment, providing investment incentives, and creating  economic development policies," said John Allelo, USAID/Armenia  Mission Director, in his opening remarks. 

This five-year activity aims to mobilize $60 million through the  Investment Mobilization Platform and lead to increased sales for 750  firms. Additionally, the activity will contribute to the enhancement  of the business and investment climate by assisting in the drafting  of key legal documents.