NEW APPLICATIONS ARE CONFIRMED

LRAGIR.AM
17:24:00 – 12/06/2009

Today, the regular session of the administration board of the
Millennium Challenge Account Armenia took place, which was headed by
the Head of the board Tigran Sargsyan.

The administration board discussed and confirmed the application of
allocation, which is to be presented to the Millennium Challenge
Corporation, and the financial reports of the quarter and other
working documents.

The executive director of the Millennium Account Armenia Ara Hovsepyan
noted that in the forthcoming quarter it is planned to receive 8
million 732 thousand 632 dollars from the Corporation. The sum will
mainly be directed to the implementation of projects on agricultural
irrigation sub-lines. One million is planned to be allocated to
farmers.

In accordance with the decision of the Millennium Challenge
Corporation, the financing of the reconstruction works of rural roads
will be stopped.