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Millennium Challenge Open To Cooperation With Armenia

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  • Millennium Challenge Open To Cooperation With Armenia

    MILLENNIUM CHALLENGE OPEN TO COOPERATION WITH ARMENIA

    ARKA
    July 16

    The U.S. Millennium Challenge Corporation (MCC) welcomes cooperation
    with Armenia, MCC Executive Director John Danilovich said as he met
    in Washington with RA Foreign Minister Edvard Nalbandyan.

    The specialists of the corporation highly appreciate joint efforts
    with Armenia and expects to record good results in September,
    Danilovich said.

    The participants to the meeting discussed further programs, focusing
    on Armenian-U.S. relations.

    Minister Nalbandyan said the RA Government plans to allocate $17mln to
    fulfill MCC-Armenia commitments, including the further implementation
    of the Irrigated Agriculture Program.

    The Millennium Challenge Armenia Program was launched on September
    29, 2006.

    The Millennium Challenge Corporation (MCC) and the Armenian Government
    signed a 5-year agreement on awarding Armenia a grant worth $235.65mln
    on March 27, 2006.

    The Irrigated Agriculture Program contributes to sustained increases
    in agricultural productivity and incomes through a combination
    of training, technical assistance, access to credit and essential
    equipment for farmers in the irrigation zones rehabilitated under
    the program. MCC allocated some $11mln for the program last year.
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