ANOTHER $1.4 MILLION FROM MILLENNIUM CHALLENGES ACCOUNT

Panorama.am
20:14 25/01/2007

Armenia has received the first part of the second trench from
Millennium Challenges Account Corporation in the amount of $1.4
million, Ara Hovsepyan, general executive director of Millennium
Challenges-Armenian foundation, told Panorama.am.

In his words, the second part is $2.209 million. The rest of the
money the foundation will receive in February-March. The money
will be spent on the works with the National Statistics Service,
Armenian Auto Roads CJSC and the winner of "Towards the market"
tender. Contracts are signed with the three institutions.

Reminder: The Armenian government and Millennium Challenges Account
Corporation signed a project costing $236 million on March 27,
2006. The project aims at poverty alleviation and development of
rural communities.

Source: Panorama.am