The US Congress plans to reduce economic aid for Armenia by 38% to the lowest volume since the earthquake in 1988, News Armenia reports.
The Armenian National Committee of America (ANCA) and the group for Armenian issues at the US Congress requested $50 million in early 2013, but the US president granted $24.719 million. Financial aid totaled $40 million in 2013.
According to the IMET program, financial aid totals $600,000, while FMF states $2.7 million.
Executive Director of the ANCA Aram Gamparyan said that President Obama had failed to double trade and investments with Armenia.
