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Sitting Of Council Of Beneficiaries Of "Millennium Challenge Account

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  • Sitting Of Council Of Beneficiaries Of "Millennium Challenge Account

    SITTING OF COUNCIL OF BENEFICIARIES OF "MILLENNIUM CHALLENGE ACCOUNT - ARMENIA" PROGRAM TO LAUNCH AUGUST 17

    Arka News Agency, Armenia
    Aug. 14, 2006

    YEREVAN, August 14. /ARKA/. A regular sitting of the Council of
    beneficiaries of the "Millennium Challenge Account - Armenia" program
    will be held in Yerevan on August 17, the member of the Council Levon
    Barsegyan reported. He said that the Council plans to approve the
    statue of the Council of beneficiaries during the sitting.

    The Council of beneficiaries under the "Millennium Challenge Account -
    Armenia" program was organized on May 2, 2006. It consists of nine
    NGO representatives, two representatives from the associations of
    water consumers, beneficiary communities and farming economies.

    The agreement on giving Armenia $235.5mln loan for five years under
    the "Millennium Challenge Account" American corporation was signed
    in Washington on March 27.

    The corporation was founded at the beginning of 2004 under the State
    Department's program, aimed at developing economies and reducing
    poverty in the world.
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