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MCC-Armenia Expects $30m For This Quarter

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  • MCC-Armenia Expects $30m For This Quarter

    MCC-ARMENIA EXPECTS $30M FOR THIS QUARTER

    Tert.am
    14.06.11

    Armenia's cabinet held Tuesday a session of the board council
    of the Millennium Challenges Corporation Armenia non-governmental
    organization, headed by the chief of the board council, Prime Minister
    Tigran Sargsyan.

    The session discussed and approved the 20th allocation application
    under which the MCC-Armenia expects to receive from the Millennium
    Challenges Corporation $29,012,885 for July-September.

    $28,222,698 of this sum will be used for Irrigated Agriculture
    sub-program, and the rest will be used for monitoring, supervision
    and assessment-related activities.

    Factual costs and those envisaged under the current quarter, including
    June, make a total of $138,200,941.

    The 20th allocation application is the penultimate one of the
    MCC-Armenia. The last allocation application (21st) will be presented
    to the MCC in September and will include costs related to the closing
    of the program.

    Once the above-mentioned costs are made, the total value of the
    MCC-Armenia will make $176,491,028.


    From: Baghdasarian
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