09/11/2020 11:10
European Union disburses over € 35 million in grants to address the impact of COVID-19 pandemic in Armenia
Today, the European Union (EU) informed the Government of Armenia about the disbursement of € 35.6 million in grants to support Armenia in response to the COVID-19 pandemic. The EU's decision follows a positive assessment on progress in selected sector reform areas, macroeconomic stability, public financial management and state budget transparency.
It is part of the EU € 92 million assistance package for Armenia announced last April, which included restructured and new funds to support Armenia in its fight against the COVID-19 crisis, in order to mitigate the impact of the pandemic on the Armenian people.