This is good news. The money is being sent as part of the Millennium Challenge program, which is aimed to help promote democracy and economic stabilization in impoverished countries. Most of the funding, which will arrive in Armenia next year, will go to infrasturcture projects in the regions of Armenia, namely rebuilding devastated roads and rehabilitating irrigation systems. About $23 million will go towards administrating the program, which hopefully will not be abused very much. This sum does not include the annual financial assistance that Armenia receives from the US every year--Armenia is expected to receive about $75 million in such assistance in 2006.
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