Armenia To Request $4.8 Million From U.S. Millennium Challenge For R

ARMENIA TO REQUEST $4.8 MILLION FROM U.S. MILLENNIUM CHALLENGE FOR RURAL ROAD REHABILITATION

/ARKA/
April 21, 2009
YEREVAN

Millennium Challenge Account (MCA) -Armenia plans to request $4.8mln
from the U.S. Millennium Challenge Corporation, said Chief Executive
of Millennium Challenge-Armenian Fund NGO Ara Hovsepyan.

"The funds the government earmarked for the program last year will
be spent by early June and, naturally, we will need additional funds
to continue the program," he added.

The Governing Council of MCA-Armenia approved on March 13 an
application to the U.S. Millennium Challenge for $8mln quarterly funds
(April-June) for the rural road rehabilitation program. According to
Hovsepyan, MCA-Armenia has drawn a $12.026mln government loan.

The U.S. Millennium Challenge program kicked off in Armenia on
September 29, 2006. Thus, on March 27, 2006 the Millennium Challenge
Corporation signed a five-year, $235.65 million Compact with the
Government of Armenia. The Compact is focused on one goal: the
reduction of rural poverty through a sustainable increase in the
economic performance of the agricultural sector.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS