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Armenia, MCA to sign $235.6mln agreement on March 27

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  • Armenia, MCA to sign $235.6mln agreement on March 27

    ARKA News Agency, Armenia
    March 10 2006

    ARMENIA, "MILLENNIUM CHALLENGES" CORPORATION TO SIGN $235.6MLN
    AGREEMENT ON MARCH 27

    YEREVAN, March 10. /ARKA/. An agreement between Armenia and the
    "Millennium Challenges" corporation is to be signed in Washington,
    USA, on March 27, 2006.
    The press service of the RA Ministry of Finance and Economy reports
    that the $235.6mln 5-year agreement is to be signed by RA Minister of
    Finance and Economy Vardan Khachatryan and Director of the
    corporation John Danilovich.
    US Secretary of State Condoleezza Rice is to attend the signing the
    ceremony.
    On March 10, 2006, RA Prime Minister Andranik Margaryan made a
    decision under which an Armenian delegation headed by the RA Minister
    of Finance and Economy is to leave for Washington on May 25-30 to
    sign the agreement.
    The Armenian delegation is to include Chief Presidential Economic
    Advisor Vahram Nersisyants, RA Foreign Minister Vardan Oskanyan. The
    Armenian program "Millennium Challneges" was prepared by an
    interagency group chaired by the RA Minister of Finance and Economy
    under the patronage of the trustees of the Armenian program of the
    "Millennium Challenges" corporation headed by the RA Premier.
    The goal of the program is rural poverty reduction through ensuring a
    stable increase in agricultural output. P.T. -0--
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