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Implementation Of Millennium Challenges Corporation's Program InArme

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  • Implementation Of Millennium Challenges Corporation's Program InArme

    IMPLEMENTATION OF MILLENNIUM CHALLENGES CORPORATION'S PROGRAM IN ARMENIA TO CONTRIBUTE TO REGIONS' DEVELOPMENT

    ARKA News Agency, Armenia
    April 13 2006

    Yerevan, April 13. /ARKA/. The implementation of the Millennium
    Challenges Corporation's program in Armenia will essentially
    contribute to the development of the country's regions and rural
    poverty reduction, Speaker of the RA Parliament Artur Baghdasaryan
    stated at his meeting with a US delegation, which includes Chairman
    of the Foreign Allocations Subcommittee, Chamber of Representatives,
    US Congress, Jim Colby and Head of the "Millennium Challenges"
    corporation John Danilovich.

    During the meeting, Speaker Baghdasaryan pointed out the importance
    of the program in the following directions: regional development and
    bridging the development gap between the capital and the regions,
    democratic development and introduction of public control mechanisms.

    Speaker Baghdasaryan expressed gratitude to the US Government for its
    consistent assistance in the country's democratization. "Armenia's
    economic and democratic development must be simultaneous," Baghdasaryan
    said.

    The sides pointed out the importance of the program for Armenia's
    democratic development on the threshold of the 2007-2008 elections.

    In their turn, Danilovich and Colby addressed democratic reforms
    and economic development of Armenia. They pointed out the existence
    of political will for the development of the reforms, ensuring of
    political freedoms, rule of law and transparency in the implementation
    of the program. They also pointed out the necessity of holding
    elections in conformity with the international standards.

    Danilovich re-affirmed the determination of the US Government and of
    the Millennium Challenges Corporation to be guided by the fundamental
    principles of Armenia's involvement in the program.

    The agreement on the allocation of $235.5mln to Armenia under the
    Millennium Challenges Corporation program was signed in Washington,
    USA, on March 27, 2006. The document was signed by RA Minister of
    Finance and Economy Vardan Khachatryan and Head of the Millennium
    Challenges Corporation John Danilovich.
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