TODAY THE MILLENNIUM CHALLENGE ACCOUNT-ARMENIA (MCA-ARMENIA) HAS RECEIVED THE SECOND TRANSFER OF THE INITIAL DISBURSEMENT

Yerevan, December 28. ArmInfo. Today the Millennium Challenge
Account-Armenia (MCA-Armenia) has received the second transfer of the
initial disbursement to the sum of $507.653, ArmInfo was told in the
press-service of the Corporation Armenian Office.

Earlier this month the Millennium Challenge Corporation (MCC), on
behalf of the United States Government, made the first transfer of the
initial disbursement to Armenia – USD 882,000. As it was scheduled,
the second transfer of USD 507,653 has been made today.

The funds for Armenia’s Millennium Challenge Compact expected to total
USD 236 million over a five year period are not disbursed as a lump
sum to Armenia. They are approved quarterly by the MCC and disbursed
monthly into MCA-Armenia’s bank account.