CURTAILMENT OF US AID TO ARMENIA CONDITIONED BY ITS ECONOMIC PROGRESS

The curtailment of annual financial assistance to Armenia by the US government is conditioned by certain economic progress of Armenia. As reported by “Mediamax” agency, acting coordinator of the US aid to the Eurasian countries Thomas Adams said in Yerevan today. In his words, in fiscal year 2004 the Bush administration provides for 10% reduction in the volume of aid being rendered to Armenia. At the same time, as noted by the US State Department representative, Armenia maintains leading positions on the volume of US aid per capita.