MCA-ARMENIA RECEIVES SECOND TRANSFER OF INTITIAL DISBURSEMENT FROM MILLENNIUM CHALLENGE CORPORATION
Noyan Tapan
Dec 28 2006
YEREVAN, DECEMBER 28, NOYAN TAPAN. As it was scheduled, the Millennium
Challenge Corporation (MCC) on December 28 made the second transfer
of the intitial disbursement – 507,653 USD to the Millenium Challenge
Account – Armenia (MCA – Armenia) Program. The first transfer of 882
thousand USD was made earlier this month. The funds for Armenia’s
Millennium Challenge Compact expected to total USD 236 million over a
five year period are not disbursed as a lump sum to Armenia. They are
approved quarterly by the MCC and disbursed monthly into MCA-Armenia’s
bank account.