USAID to invest additional $33mln in Armenia`s economy 

ArmInfo. The United States Agency for International Development (USAID) has doubled its investments in Armenia's economy since 2022. This includes on- the-job training for women and young people to make them more competitive in the new economy, USAID Administrator Samantha Power stated in a video message on X.

She noted that USAID has worked with the Armenian government to pass  new regulations that improve the investment environment to strengthen  their imports and exports.

All this is paying off, and they are seeing US and Armenia trade  increase by 17 percent just in the last year, Ms Power said. 

She added that she had the chance to share with Armenian Prime  Minister Pashinyan that the USAID is going to invest an additional  $33 million to build on this important progress.

The United States, USAID, and the American people are all determined  to help Armenia show that democracy really does deliver, Samantha  Power emphasized.

"Last week in Brussels, I reaffirmed the United States' commitment to  support Armenia as they deepen their democratic reforms, expand their  economy, and build towards a bright future," reads Ms Power's message  attached to the video.