MILLENNIUM CHALLENGE ACCOUNT-ARMENIA RECEIVES FIRST TRANSFER OF
SECOND DISBURSEMENT
Yerevan, January 26. ArmInfo. Millennium Challenge Corporation (MCC),
on behalf of the United States Government, has transferred the first
tranche of USD 1,460.000. from the second disbursement to Armenia.
The second transfer of USD 270.800 is scheduled for the next month.
The funds for Armenia’s Millennium Challenge Compact are approved
quarterly by the MCC and disbursed monthly into MCA-Armenia’s bank
account.
The money will be mainly directed towards the Agreements that
MCA-Armenia signed in January 2007. Specifically, the Implementing
Entity Agreement with National Statistical Service which will collect
data through surveys and provide MCA-Armenia with household survey
data, as well as data on rural poverty rates, income changes, and
satisfaction with the MCA program. The second Implementing Entity
Agreement was signed with the Armenian Road Directorate which will
be responsible for the implementation and the oversight of the Rural
Roads Rehabilitation Project. The money will also be used towards the
cost of the contract expected to be signed with the Water-to-Market
Activity Project Manager later this month.