Armenia To Receive More Than $8.7 Mln From ‘Millennium Challenges’ C

ARMENIA TO RECEIVE MORE THAN $8.7 MLN FROM ‘MILLENNIUM CHALLENGES’ CORPORATION IN THE THIRD QUARTER 2009

ArmInfo
2009-06-12 20:56:00

ArmInfo. Within the frames of the 12th tranche of the American
‘Millennium Challenges’ Corporation Armenia is planning to receive
more than $8.7 mln in the third quarter 2009, press-service of the
Armenian government reported.

Application for giving the 12th tranche and the documents were
discussed and endorsed over today’s session of the Council of
‘Millennium challenges Fund – Armenia’ state non-commercial
organization, held by chairman of the council, Armenian Prime
Minister Tigran Sarkisyan. The funds will be directed to fulfill the
irrigation sub-programmes, monitoring and management of the project
and controlling fulfillment of the components of the programme.

As executive director of ‘ollennium Challenges Fund – Armenia’ state
non-commercial organization Ara Hovsepyan said, the funds will be
directed to restoration of the water ways, designing of the self-flow
systems and construction of the water channels. They are going to
allocate $1 mln to farmers via the credit organizations.

After ratification of the application by Armenian Prime Minister
Tigran Sarkisyan the package of the application to allocate the 12th
tranche will be submitted to the ‘Millennium Challenges’ Corporation.