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.
