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Head of Millennium challenges coprporation to visit Armenia

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  • Head of Millennium challenges coprporation to visit Armenia

    HEAD OF MILLENNIUM CHALLENGES CORPORATION TO VISIT ARMENIA

    ARKA News Agency, Armenia
    March 31 2006

    Yerevan, March 31. /ARKA/. Executive Director of the USA Millennium
    Challenges Corporation John Danilovich is to be on a visit to
    Armenia on April 10-15, 2006, RA Minister of Finance and Economy
    Vardan Khachatryan told a press conference. The goal of the visit is
    discussing the details of the Millennium Challenges Corporation~Rs
    program in Armenia and getting acquainted with preparatory work.

    Danilovich intends to get acquainted with the terms of establishing
    the Corporation~Rs office in Armenia, which is expected to be opened
    in June 2006, as well as with the projects implemented and planned
    under the program.

    On March 27, 2006, the Millennium Challenges Corporation and the
    Republic of Armenia signed a 5-year compact worth $235.5mln under the
    program of assistance to Armenia. The program envisages 6% poverty
    reduction through a steady increase in agricultural produce.

    The Millennium Challenges Corporation was founded early in 2004 under
    the US Department of State~Rs program of economic development and
    poverty reduction worldwide. P.T. ~V0--
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