“MILLENNIUM CHALLENGE FUND – ARMENIA” STATE NONCOMMERCIAL ORGANIZATION TO BE CREATED
Noyan Tapan
Apr 13 2006
YEREVAN, APRIL 13, NOYAN TAPAN. At the April 13 sitting, the Armenian
government made a decision to create Millennium Challenge Fund –
Armenia (MCF- Armenia) state noncommercial organization and to
approve its regulations. According to the RA Government Information
and PR Department, the decision was made in compliance with the RA
Law on State Noncommercial Organizations and the requirements of the
Millennium Challenge Compact signed between the RA government and the
US (the Millennium Challenge Corporation) on March 27, 2006. Under
the decision, the main objective of MCF – Armenia activities is to
carry out work on implementation of this program. It is stipulated
that the RA Ministry of Finance and Economy is the authorized state
body to govern the organization.