ARMENIA MAY RECEIVE TO $12 MLN IN 2007 WITHIN FRAMES OF AMERICAN
ASSISTANCE PROGRAM "MILLENNIUM CHALLENGES"
Yerevan, January 30. ArmInfo. Armenia my receive to $12 mln in 2007
within the frames of the American assistance Program "Millennium
Challenges", the Director General Executive of Millennium Challenge
Account – Armenia, Ara Hovsepyan, told ArmInfo.
According to him, it is scheduled to allocate $2,201 mln in
January-March, 2007. The assignments will be carried out every
quarter. Receipt of $4,5 mln was laid by Armenia’s budget of
2007. However, these are the approved programs, while the real amount
of assignments with taking into account the presently considered
programs my grow, A. Hovsepyan said. According to him, it is scheduled
to allocate the greatest transfer of $75 mln to Armenia in 2009 within
the frames of the "Millennium Challenges" Program.
The Fiscal Agent is responsible for this program fulfillment. The
Glocoms com American Company and the America Consulting Company will
come out as a Fiscal Agent.
To note, the "Millennium Challenges" Program has been officially
lunched in Armenia in September, 2006. The total cost of the Program
makes up $235 mln. The Program will directly impact 750,000 farmers
or 75% of the rural population and is expected to reduce the rural
poverty rate by 6% and boost annual incomes by 34%. The two main
components of the Program are the construction of roads and
irrigation.