ARKA News Agency, Armenia
Jan 26 2007

FIRST TRANCHE OF USD 1,460.000 TRANSFERRED TO ARMENIA AS PART OF
MILLENNIUM CHALLENGE PROGRAM IMPLEMENTATION

YEREVAN, January 26. /ARKA/. Millennium Challenge Corporation (MCC)
has transferred the first tranche of USD 1,460.000. from the second
disbursement to Armenia, the corporation press office reports.
According to the report, the second transfer of USD 270.800 is
scheduled for the next month. The funds for Armenia’s Millennium
Challenge Compact are approved quarterly by the MCC and disbursed
monthly into MCA-Armenia’s bank account.
The money will be mainly directed towards the Agreements that
MCA-Armenia signed in January 2007.
In particular, the Implementing Entity Agreement with National
Statistical Service which will collect data through surveys and
provide MCA-Armenia with household survey data, as well as data on
rural poverty rates, income changes, and satisfaction with the MCA
program.
The corporation’s press release says the second Implementing Entity
Agreement was signed with the Armenian Road Directorate, which will
be responsible for the implementation and the oversight of the Rural
Roads Rehabilitation Project. The money will also be used towards the
cost of the contract expected to be signed with the Water-to-Market
Activity Project Manager later this month. M.V.-0—