PanARMENIAN.Net

Millennium Challenge Program in Armenia may be stopped

16.03.2007 17:50 GMT+04:00

/PanARMENIAN.Net/ The Millennium Challenge Program in Armenia may be
stopped if big problems are witnessed in the republic, for example if
election is declared invalid, postponed or cancelled,’ said John
Danilovich, Chief Executive Officer of the Millennium Challenge
Corporation. `I am hopeful that there will happen nothing of the kind
in the near future. A month ago I had a conversation with Armenian
President Robert Kocharian,’ he said. When asked by Congressman
Knollenberg whether recall of funds allocated to Armenia is possible,
Mr Danilovich said, `The allocated funds are not subject to
return. The money is spent immediately upon going into the program,
reports RFE/RL.

The U.S. government is expected to allot $235 million to Armenia for
fiscal 2008.