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Millennium Challenge Program in Armenia may be stopped

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  • Millennium Challenge Program in Armenia may be stopped

    PanARMENIAN.Net

    Millennium Challenge Program in Armenia may be stopped

    16.03.2007 17:50 GMT+04:00

    /PanARMENIAN.Net/ The Millennium Challenge Program in Armenia may be
    stopped if big problems are witnessed in the republic, for example if
    election is declared invalid, postponed or cancelled,' said John
    Danilovich, Chief Executive Officer of the Millennium Challenge
    Corporation. `I am hopeful that there will happen nothing of the kind
    in the near future. A month ago I had a conversation with Armenian
    President Robert Kocharian,' he said. When asked by Congressman
    Knollenberg whether recall of funds allocated to Armenia is possible,
    Mr Danilovich said, `The allocated funds are not subject to
    return. The money is spent immediately upon going into the program,
    reports RFE/RL.

    The U.S. government is expected to allot $235 million to Armenia for
    fiscal 2008.
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