Congratulations: we are officially a “medium-income country”

Well, apparently, this transition for Armenia from the “low-income country” to the “medium-income country” happened at the beginning of 2006. For this very reason, the UK government announced today suspension of its “assistance programme to Armenia”.

Taking into consideration that at the beginning of 2006 Armenia was included in the list of medium-income countries, and the assistance policy of the UK Department of International Development is mainly targeted at the implementation of programs in low-income countries, the UK Government has decided to suspend the assistance program to Armenia at the end of 2008.