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Vice President Of The Millennium Challenge Corporation To Visit Arme

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  • Vice President Of The Millennium Challenge Corporation To Visit Arme

    VICE PRESIDENT OF THE MILLENNIUM CHALLENGE CORPORATION TO VISIT ARMENIA

    armradio.am
    30.09.2011 16:38

    Vice President for Compact Operations of the Millennium Challenge
    Corporation, Patrick Fine, will visit Armenia October 2-4 to review
    the results of the five year US-funded MCA-Armenia Program. During his
    visit he will meet with President Serzh Sargsian, senior officials
    of the Government of Armenia, farmer beneficiaries, donor partners,
    and private sector and civil society representatives.

    In 2006, the U.S. Government's Millennium Challenge Corporation (MCC)
    and the Government of the Republic of Armenia signed a Compact with
    the objective of reducing rural poverty through a sustainable increase
    in the economic performance of the agricultural sector.

    Since its completion on September 29, 2011, the MCC grant investment
    of nearly USD 177 million in the MCA-Armenia program has benefited
    over 420,000 rural residents in around 350 communities across Armenia
    by refurbishing major sections of the country's main canal systems,
    modernizing some of the most urgently needed pumping stations,
    introducing new gravity irrigation schemes, re-building tertiary
    canals and restoring sections of the Ararat Valley Drainage system.

    The MCA-Armenia program has also trained over 45,000 farmers in
    improved agriculture practices, delivering technical assistance to
    water supply institutions, and providing USD 8.5 million in credit
    to farmers and small agribusinesses to support the program objectives.

    MCC is an innovative U.S. foreign aid agency that is helping lead
    the fight against global poverty.

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