ArmenPress
Feb 3 2005

US STATE DEPARTMENT PRAISES ARMENIA FOR LEADING ROLE IN POLITICAL AND
ECONOMIC REFORM IN EURASIA

YEREVAN, FEBRUARY 3, ARMENPRESS: A US State Department fact sheet
on U.S. Assistance to Armenia in Fiscal Year 2004 termed the country
as one of the leading performers in Eurasia in economic and political
reform, a weighty factor that has made Armenia eligible, together
with the neighboring Georgia, for receiving grants from the
Millennium Challenge Account.
“While economic growth has been strong, it has yet to provide
significant benefit to the vast majority of the population. As such,
U.S. assistance focuses on the growing small- and medium-scale
enterprise sector. Our democracy, economic, and law enforcement
programs will help to strengthen the democratic structures and
foundations in Armenia, as well as support regional stability and
security,” according to the fact sheet.
The US government assistance in 2004 for Armenia was $89.7. Some
$13 million were allocated for Democracy Programs, $50.2 million for
Social Security and Economic Reform, $15.4 million for Law
Enforcement, $6.3 million as Humanitarian Assistance and $4.8 million
for Cross Sectoral Initiatives.