"MILLENNIUM CHALLENGE" WATCH CLOSELY ARMENIA
Panorama.am
16:19 10/03/2007
John Huko, Deputy Chairman of "Millennium Challenge" Corporation, who
is in Armenia on a two-day visit, has considered important conduct of
free and fair elections in our country. During the press conference he
underlined that in the opinion of the corporation, the assistance is
more effective in the case, when the promotion of the economic growth
and poverty reduction are implemented by means of good government,
economic freedom and contributions in the human capital.
The deputy chairman has noted that the corporation and the US
Government attache importance to the consecutive ensuring of 16
objective indices of Armenia, with which the involvement of our country
in such a program is conditioned. J. Huko mentioned that US government
has allocated USD 7.5% million for conducting the parliamentary and
presidential elections in Armenia at high level. After the elections
the board of directors of the corporation will discuss their results
and their further activities, Huko said, adding that the corporation
is watching closely the current processes.
To remind, within the framework of the five-year program signed
between our government and the corporation, Armenia will receive a
grant amounting to USD 235.65 million. These funds will be directed to
poverty reduction, stimulation of the economic growth and development
of rural communities.