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Economic Growth

To enhance inclusive growth, USAID programs seek to develop new and sustainable value chains, create jobs, and increase access to markets and finance, enabling Armenians to stay in their communities and reducing migration and dependence on remittances. Activities that promote agriculture, agribusiness, and cultural and natural tourism serve to promote rural economic opportunities across the country, including in some of the most marginalized areas.  

USAID also supports the inter-linked energy and water sectors, which are critical to Armenia’s economic security and independence. USAID promotes energy market liberalization and regional integration to lay the foundation for developing a more diverse mix of energy sources and to promote transparency, accountability, and self-reliance in the sector. In addition, USAID works with the Armenian government and local communities to improve the management and sustainability of groundwater reserves in the Ararat Valley, which sustain nearly 40 percent of the country’s agricultural GDP and provide cooling water for Armenia’s nuclear power plant, Metsamor. Through partnerships with the private sector, the Government and academia, USAID is also helping to unlock and strengthen Armenia’s considerable comparative advantages in the IT industry and research and development (R&D), incubating talent, accelerating start-ups, and contributing to youth employment.

CURRENT PROGRAM

RURAL ECONOMIC DEVELOPMENT

"My Armenia" Cultural Heritage Tourism Program

Partner:  Smithsonian Institution  |  Duration:  July 2015-September 2020

The program seeks to promote economic opportunities and enhance inclusive growth in Armenian rural communities by developing a sustainable cultural heritage tourism industry, creating employment opportunities and enabling Armenians to live and work in their communities.

InnovATE Armenia: Support to the Agribusiness Teaching Center (ATC) 

Partner:  Virginia Tech  |  Duration:  July 2014-July 2019  |  https://icare.am/atc

The project assists the ATC and the International Center of Agribusiness Research and Education (ICARE) in building their capacity to serve as a leading educational and research institution and center of excellence in agriculture and agribusiness in Armenia and in the region.  

ENERGY AND WATER MANAGEMENT

Market Liberalization and Electricity Trade Program (MLET)

Partner: TetraTech  |  Duration: June 2018-June 2023

The project promotes Armenia’s market liberalization reforms, supports electricity trade with Georgia, and improves the diversification, efficiency, and transparency of Armenia’s energy supply.

Advanced Science and Partnerships for Integrated Resource Development (ASPIRED) 

Partner:  Mendez England and Associates  |  Duration: September 2015-September 2020

The project supports sustainable water resource management and sustainable practices of water use through the use of science, technology, innovation and partnerships (STIP) approaches. The goal is to reduce the rate of groundwater extraction in the Ararat Valley to sustainable levels.  

Participatory Utilization and Resource Efficiency of Water in the Ararat Valley (PURE Water)

Partner:  Urban Foundation for Sustainable Development  |  Duration:  March 2017-March 2020

The project supports the development of a policy and regulatory framework for improved access to water, facilitates participation and oversight of integrated water management practices in target communities, raises public awareness of water related issues, and fosters water-related behavioral change among water stakeholders.

INFORMATION TECHNOLOGY (IT)

Innovative Solutions and Technologies Center (ISTC)

Partner:  Enterprise Incubator Foundation  |  Duration:  December 2014-June 2019  |  http://istc.am/en/

The public private partnership helps develop the education and research potential of Armenian universities in the areas of IT and hi-tech, while empowering students and entrepreneurs to innovate and contribute to Armenia’s broader development. ISTC also hosts research teams and start-ups in its business acceleration area, providing them with the latest IBM technologies and software, business consultations, and networking opportunities.

Last updated: February 14, 2019

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