On September 12, 2024, Congressman Frank Pallone expressed strong support for the U.S. decision to double its funding for Armenia from $120 million to $250 million. This significant increase aims to enhance democracy and economic development in the country. The announcement was made as part of an amended Development Objectives Grant Agreement (DOAG) between the U.S. and Armenia, reflecting a commitment to strengthen bilateral relations [806e6344].
Pallone praised the Biden-Harris Administration for its efforts to bolster U.S.-Armenia relations, highlighting the importance of this funding in promoting democratic values and economic growth in Armenia. The funding increase is expected to facilitate various development projects and initiatives that align with U.S. foreign policy objectives in the region [806e6344].
This decision comes at a time when Armenia is navigating complex geopolitical challenges, particularly in light of its historical tensions with neighboring Azerbaijan. The U.S. has been actively engaging with Armenia to support its sovereignty and democratic institutions, making this funding increase a critical component of its foreign aid strategy [806e6344].
As the situation in the South Caucasus evolves, the U.S. commitment to Armenia's development is seen as a strategic move to counterbalance Russian influence in the region. The funding is expected to be allocated towards various sectors, including governance, civil society, and economic reform, further solidifying the partnership between the two nations [806e6344].