The United States Agency for International Development (USAID) has decided to increase financial aid to Armenia more than twice - from $120 million to $250 million.

Axar.az reports that this was reported by the Cabinet of Ministers of Armenia.

According to information, the agreement was signed by the Deputy Prime Minister of Armenia, Mger Grigoryan, and the director of the USAID mission in Armenia, John Alelo.

The expanded agreement will cover key areas such as disaster risk management, cyber security, food and energy security, regional cooperation and trade, democratic processes and inclusive economic development.