EU and US Commit to Strengthening Armenia's Resilience with New Financial and Development Support

In a high-level meeting in Brussels, the EU and US pledged over $355 million in support for Armenia, aiming to boost its democracy, economy, and regional stability.

• The European Union and the United States reaffirmed their support for Armenia's sovereignty, democracy, and socio-economic resilience in Brussels.
• A new EU-Armenia Partnership Agenda and a $65 million development assistance package from the US for 2024 aim to bolster Armenia's political reforms and economic development.
• The EU's Resilience and Growth Plan will provide EUR 270 million to Armenia for 2024-2027, focusing on trade diversification and the socio-economic integration of displaced people.
• Armenia's pivot towards the West, marked by shifting alliances and increasing cooperation with the EU and US, comes amid tensions with traditional ally Russia.
• The support packages aim to enhance Armenia's regional connectivity, economic diversification, and long-term stability, amidst ongoing challenges with displaced persons and regional tensions.

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