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    Categories: News

U.S. May Suspend Millennium Challenge Account

U.S. MAY SUSPEND MILLENNIUM CHALLENGE ACCOUNT

PanARMENIAN.Net
13.03.2008 17:21 GMT+04:00

/PanARMENIAN.Net/ "If Armenia doesn’t observe certain provisions of the
Millennium Challenge Account, the program may be stopped," RA Foreign
Minister Vartan Oskanian told a news conference in Yerevan today.

"Armenian authorities were facing a dilemma: security and stability
or financial assistance. The matter is that democratic values have
not taken final shape in Armenia yet. We should not forget that
only 17 years have passed since the USSR decline. At that, it’s
worth mentioning that the U.S. will suspend financial flows to the
structures which can’t function under the emergency rule," he said.

Earlier, U.S. Secretary of State Condoleezza Rice said that "the state
of emergency in Armenia, imposed recently after rioting against the
results of the presidential election, had made it necessary to suspend
some U.S. programs there."

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