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Millennium Challenges To Continue Watching Situation In Armenia

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  • Millennium Challenges To Continue Watching Situation In Armenia

    MILLENNIUM CHALLENGES TO CONTINUE WATCHING SITUATION IN ARMENIA

    ARKA
    June 28, 2008

    The Millennium Challenges Corporation will go on following up the
    situation in Armenia to draw a conclusion on possible continuation of
    its program, U.S. Deputy Assistant Secretary of State for democracy,
    human rights and labor David Kramer told journalists in Yerevan.

    The USA had made a statement on possible termination of the Millennium
    Challenges program for total of 235mln dollars in Armenia due to the
    democratic situation after the March unrest in Yerevan.

    Fair and sound management is one of the principles of Millennium
    Challenges program and the March events gave rise to concerns about
    this, Kramer said.

    Armenia's return to the democratic path will ensure the continuation
    of the program, he added.

    The program of the American "Millennium Challenges" Corporation started
    in Armenia on September 29 2006. Under the agreement signed on March
    27 2006 Armenian Government is to receive a grant for $235mln during
    five years. The grant means are to be used for reconstruction of
    rural roads and irrigation systems.
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