Announcement

Collapse
No announcement yet.

Ara Hovsepyan Assigned Executive Director Of "Millennium Challenge A

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Ara Hovsepyan Assigned Executive Director Of "Millennium Challenge A

    ARA HOVSEPYAN ASSIGNED EXECUTIVE DIRECTOR OF "MILLENNIUM CHALLENGE ACCOUNT - ARMENIA" FOUNDATION

    Arka News Agency, Armenia
    Aug. 17, 2006

    YEREVAN, August 17 /ARKA/. Ara Hovsepyan was assigned Executive
    Director of Millennium Challenge Account - Armenia Foundation, Deputy
    Minister of Finance and Economy David Avetisyan told journalists today.

    He said that Hovsepyan's nomination was approved at a sitting of the
    Millennium Challenge Account administrative board.

    Avetisyan reported that 48 nominations were put forward for this post;
    however, more than half of them did not meet the official requirements.

    "Ara Hovsepyan is really a strong contender and fitted most for this
    post," Avetisyan said.

    In his turn, Hovsepyan expressed gratitude for the trust in him,
    and pointed out that he realizes the whole responsibility that this
    post imposes on him.

    "The program of the Millennium Challenge Account Corporation in Armenia
    is a unique opportunity to improve the infrastructure in the Armenian
    regions," he said.

    Ara Hovsepyan holds a Master's Degree of the Oxford University and the
    American University of Armenia. He worked as a representative of the
    British Ministry of Development in Armenia, and also at the Department
    of International Organizations of the Armenian Foreign Ministry.

    On March 27, 2006, Armenian Minister of Finance and Economy Vardan
    Khachatryan and Executive Director of the American Millennium Challenge
    Account Corporation John Danilovich signed an agreement in Washington,
    DC.

    According to the agreement, the corporation will give Armenia
    $235.65mln loan for five years for implementation of projects on
    restoration of irrigation systems and regional roads.

    The Millennium Challenge Account Corporation was founded at the
    beginning of 2004 under the U.S. State Department program, aimed at
    developing economy and poverty reduction in the world.
Working...
X