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Decision On Continuing Armenia-"Millenium Challenges Fund" Cooperati

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  • Decision On Continuing Armenia-"Millenium Challenges Fund" Cooperati

    DECISION ON CONTINUING ARMENIA-"MILLENIUM CHALLENGES FUND" COOPERATION TO BE ADOPTED IN DECEMBER

    PanARMENIAN.Net
    11.06.2007 14:09 GMT+04:00

    /PanARMENIAN.Net/ The Compact of the "Millenium Challenges" is
    progressing well in Armenia, CEO of the "Millenium Challenges
    Corporation" (MCC) Ambassador John Danilovich stated at opening
    ceremony of MCC new office in Yerevan said. "We have begun
    training farmers to improve their profitability with the Water to
    Market Activity and design of the first phase of the Rural Roads
    Rehabilitation Project is nearing completion. Additionally, the
    early design phase of the Irrigated Agriculture Project is out for
    competitive bids, with first construction expected to begin this
    autumn," Danilovich underscored.

    The CEO of the "Millenium Challenge Corporation" also welcomed the
    Armenian parliamentary elections and congratulated the Armenian people
    on a more successful poll than previous elections. "It appears that
    this election was an improvement towards international standards, but
    we continue to closely watch the process of investigating allegations
    of irregularities. As with all MCA countries, the MCC Board at its
    annual selection meeting in December will make a decision on Armenia's
    continued eligibility," the CEO said.

    Armenia was included in the Compact on March 27, 2006.

    It supposes assignation of $235 million for developing agriculture and
    reducing the level of poverty. The compact includes a USD 67 million
    project to rehabilitate up to 943 kilometers of rural roads. It also
    includes a USD 146 million project to increase the productivity of
    approximately 250, 000 farm households.
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