AM | RU
USD
EUR
RUB

Why US increased amount of financial aid allocated to Armenia

 

According to the US political tradition, each February the President submits the draft budget for the next year.

Recently, US President Barak Obama presented a draft budget for 2017, according to which Armenia is to receive $ 22,412,000 from the Economic Support Fund, Azerbaijan- $ 10,936,000, while Georgia-$ 63 million.

The amount of aid allocated to the three South Caucasian republics has increased by several million dollars, compared to previous years.

Armenia was granted 18 million 360 thousand dollars, 51 million dollars was allocated to Georgia and 8 million dollars to Azerbaijan in 2016.

Since the declaration of independence, the United States allocated the least financial support to Armenia  in 2016 and almost 22 percent increase in allocation is a positive hint.

For the years of 2011 and 2012 Armenia received a $ 40 million financial assistance as well as a financial assistance in the amount of two million dollars to Nagorno-Karabakh.

The situation changed dramatically in 2014 when the financial support from the Obama’s administration to Armenia was reduced by 38%: 24 million 719 thousand dollars.

However the Armenian lobby undertook some measures and the amount increased to 30,843 million dollars.

The US has apparently changed its financial policy once Armenia joined the EEU.

Among the reasons we can mention the fact that the US was spending money on the promotion of the Armenian-Turkish and Armenian-Azerbaijani relations.

Meanwhile Russia was strengthening its positions in the Armenian economy and seized the strategically important objects, thus increasing its impact.

The United States, that has the world's second largest embassy in Armenia, naturally, can not be satisfied with the current situation.

It is quite predictable that the US will make efforts to increase its involvement in the economic sector, as proved the sales of Vorotan HPP cascade.

Thus, we see that the US-Russia rivalry creates a good opportunity to diversify the economy of Armenia, which can certainly be a positive influence and ensure the flow of new investments.

Besides the United States in the last two years is trying to increase its involvement in the Karabakh conflict settlement, exercising a proactive policy, providing another cue to Russia that the impact fight is not yet over.

By Anna Barseghyan


News
Irates. Armenian “Ararat” defeats “Philip Morris” in court Impunity of Maragha massacre gave way to creation of atmosphere of permissiveness – Armenia’s Deputy FM U.S. Congressional leaders call on President Trump to properly commemorate Armenian Genocide FM Edward Nalbandian to visit Warsaw Artsakh Defense Army: Adversary breaks the ceasefire 50 times Remarks of the President of Armenia, Chairman of the Republican Party of Armenia Serzh Sargsyan at the RPA Council meeting The 11th International Festival of Puppet Theatres will launch on September 9 with the support of Coca-Cola Hellenic Armenia Company Festive mood and Coke from Coca-Cola Hellenic Armenia The newly appointed Ambassador of Georgia in Armenia Giorgi Saganelidze presented his credential to the President Coca-Cola Hellenic Armenia and Art Lunch employees have cleaned up Dalar river bank Flood-affected citizens in Artik got financial aid from ARMBUSINESSBANK "Yell Extreme Park" the piece of craziness in Armenia Coca-Cola Hellenic Armenia and USAID partner to address water stewardship in Ararat Valley President Serzh Sargsyan visited today the Embassy of France in Yerevan President Serzh Sargsyan met with the US Secretary of State John Kerry Coca-Cola Hellenic Armenia Company distributed soft drinks to the guests of “Vardavar” festival President Serzh Sargsyan received members of the Council of the Ministers of Foreign Affairs of the Collective Security Treaty Organization Congratulatory message by president Serzh Sargsyan on the occasion of Constitution day French parliament unanimously adopted bill to criminalise the denial of Armenian Genocide 5 lucky winners of Coca-Cola EURO 2016 promo are off to France to watch Germany vs Italy quarter final President Serzh Sargsyan received tonight the OSCE Chairman-in-Office, Minister of Foreign Affairs of Germany Frank-Walter Steinmeier High-level Armenian-Czech negotiations took place at the Presidential Palace Coca-Cola Hellenic Armenia Company celebrates International Children’s day President Serzh Sargsyan participated at the session of the Supreme Council of the Eurasian Economic Union Buy a “Coca-Cola” soft drink; win a ticket for UEFA Euro 2016 Coca-Cola Hellenic Bottling Company Armenia celebrates the 20th Anniversary Mardakert overcomes a bad dream "The Lavrov document" does not exist, and peacekeepers will be deployed only in the final stage of the conflict resolution: Igor Popov The RA President has discussed with the co-chairs the situation on the contact line after the Azerbaijani aggression James Warlick on human rights violations: We have seen the photos, we are deeply troubled President Serzh Sargsyan met with first President Levon Ter-Petrosyan to discuss Four Day War About 60 organisations call on US president to investigate into allegations of Azerbaijan’s collaboration with ISIS The #KarabakhNow | Against International Inactivity protest will take place at Republic Square International press compares the actions of Azerbaijan forces in Artsakh to the atrocities done by ISIS Parties to Karabakh conflict agree to cease fire for 5 hours Sargsyan to Medvedev: They diminished authority of EAEU The rival continues provocations Azerbaijan shells settlements of Armenia’s Tavush and Gegharkunik provinces NKR Defense Army destroyed an adversary drone Azerbaijan shells Ambulance vehicle in Nagorno Karabakh
Most popular
website by Sargssyan