EU disburses over € 35 million in grants to address impact of COVID-19 pandemic in Armenia

The European Union (EU) informed today 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, the EU Delegation to Armenia said in a statement.

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.

This direct financial contribution recognizes and supports the Government commendable efforts to preserve jobs and support SMEs, as well as to ensure basic health and social services for those most affected by COVID-19. This assistance announced today is complementary to other instruments of support with CSOs and European financial institutions to assist vulnerable households and businesses.

H.E. Mher Grigoryan, Deputy Prime Minister, said: “As the world faces a multi-layered crisis caused by COVID-19 pandemic, we highly appreciate the EU’s support to tackle the socio-economic consequences of the pandemic in Armenia. This timely allocation is the manifestation of our productive cooperation with the European Union and I’m su...