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MILLENNIUM CHALLENGE ACCOUNT REPRESENTATIVE DID NOT DECLARE TERMS OF SIGNING
AGREEMENT WITH RA GOVERNMENT
Pan Armenian News
06.05.2005 06:34
/PanARMENIAN.Net/ Representative of the Millennium Challenge Account in
Armenia Alex Rosin expressed satisfaction with the program presented
by the Armenian government. In his words, mission of the corporation
is to find out Armeni's degree of correspondence to the standards for
the further financing."We are at the initial stage presently and are
making preliminary assessments, then we will proceed to purposeful
implementatio", he stated during a press conference in Yerevan. He
also informed that in the near future the Armenian working group will
be introduced to the corporation after what an analogous group from
the American part will be formed. However he did not rule out that
some difficulties may emerge resulting in delay of financing. At
the same time expressed hope that cooperation with Armenia will
be"as efficient and rapid as with other states" In his turn Armenian
Minister of Finance and Economy Vardan Khachatrian informed that the
Millennium Challenge Account Corporation insisted that the members
of the working group should not be engaged in any other activities
besides the tasks to be fulfilled within the program. To note, when
presenting the Millennium Challenge Account in 2002 President Bush
stated that it will "reward nations that root out corruption, respect
human rights, and adhere to the rule of law, invest in better health
care, better schools and broader immunization and have more open
markets and sustainable budget policies, nations where people can
start and operate a small business without running the gauntlets of
bureaucracy and bribery" The total fund of the program for the first
year will make $1 billion, for the second $2.5 billion. 17 states in
Africa, Asia, and Latin America as well as two former USSR republics-
Armenia and Georgia. The amount of the funds provided depends on
the programs presented by the countries. Armenian expects to receive
about $700-900 million during three years, IA Regnum reported.
AGREEMENT WITH RA GOVERNMENT
Pan Armenian News
06.05.2005 06:34
/PanARMENIAN.Net/ Representative of the Millennium Challenge Account in
Armenia Alex Rosin expressed satisfaction with the program presented
by the Armenian government. In his words, mission of the corporation
is to find out Armeni's degree of correspondence to the standards for
the further financing."We are at the initial stage presently and are
making preliminary assessments, then we will proceed to purposeful
implementatio", he stated during a press conference in Yerevan. He
also informed that in the near future the Armenian working group will
be introduced to the corporation after what an analogous group from
the American part will be formed. However he did not rule out that
some difficulties may emerge resulting in delay of financing. At
the same time expressed hope that cooperation with Armenia will
be"as efficient and rapid as with other states" In his turn Armenian
Minister of Finance and Economy Vardan Khachatrian informed that the
Millennium Challenge Account Corporation insisted that the members
of the working group should not be engaged in any other activities
besides the tasks to be fulfilled within the program. To note, when
presenting the Millennium Challenge Account in 2002 President Bush
stated that it will "reward nations that root out corruption, respect
human rights, and adhere to the rule of law, invest in better health
care, better schools and broader immunization and have more open
markets and sustainable budget policies, nations where people can
start and operate a small business without running the gauntlets of
bureaucracy and bribery" The total fund of the program for the first
year will make $1 billion, for the second $2.5 billion. 17 states in
Africa, Asia, and Latin America as well as two former USSR republics-
Armenia and Georgia. The amount of the funds provided depends on
the programs presented by the countries. Armenian expects to receive
about $700-900 million during three years, IA Regnum reported.