DECISION ON CONTINUING ARMENIA-"MILLENIUM CHALLENGES FUND" COOPERATION TO BE ADOPTED IN DECEMBER
PanARMENIAN.Net
11.06.2007 14:09 GMT+04:00
/PanARMENIAN.Net/ The Compact of the "Millenium Challenges" is
progressing well in Armenia, CEO of the "Millenium Challenges
Corporation" (MCC) Ambassador John Danilovich stated at opening
ceremony of MCC new office in Yerevan said. "We have begun
training farmers to improve their profitability with the Water to
Market Activity and design of the first phase of the Rural Roads
Rehabilitation Project is nearing completion. Additionally, the
early design phase of the Irrigated Agriculture Project is out for
competitive bids, with first construction expected to begin this
autumn," Danilovich underscored.
The CEO of the "Millenium Challenge Corporation" also welcomed the
Armenian parliamentary elections and congratulated the Armenian people
on a more successful poll than previous elections. "It appears that
this election was an improvement towards international standards, but
we continue to closely watch the process of investigating allegations
of irregularities. As with all MCA countries, the MCC Board at its
annual selection meeting in December will make a decision on Armenia’s
continued eligibility," the CEO said.
Armenia was included in the Compact on March 27, 2006.
It supposes assignation of $235 million for developing agriculture and
reducing the level of poverty. The compact includes a USD 67 million
project to rehabilitate up to 943 kilometers of rural roads. It also
includes a USD 146 million project to increase the productivity of
approximately 250, 000 farm households.