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MCC Chief Executive Officer: Responsibility For Stopping Road Constr

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  • MCC Chief Executive Officer: Responsibility For Stopping Road Constr

    MCC CHIEF EXECUTIVE OFFICER: RESPONSIBILITY FOR STOPPING ROAD CONSTRUCTION FUNDING REMAINS WITH GOVERNMENT OF ARMENIA

    Noyan Tapan
    June 11, 2009

    YEREVAN, JUNE 11, NOYAN TAPAN. The U.S. Government's Millennium
    Challenge Corporation (MCC) Board of Directors, chaired by
    U.S. Secretary of State Hillary Rodham Clinton, today held its
    quarterly meeting to discuss the progress of its poverty reduction
    programs worldwide. As a result of the meeting, MCC will not resume
    funding for any further road construction and rehabilitation. This
    was mentioned in the MCC press release placed on the official website
    of the Embassy of U.S. in Armenia.

    According to the same source, the hold on funding is a result of
    actions by the government of Armenia that are inconsistent with MCC
    principles promoting democratic governance.

    "MCC regrets that it cannot move forward with funding road construction
    in Armenia. However, the responsibility for this outcome remains with
    the government of Armenia, whose actions have been inconsistent with
    the eligibility criteria that are at the heart of the MCC program,"
    Acting MCC Chief Executive Officer Rodney Bent said.

    He also mentioned that he does not not anticipate that the Board will
    revisit this issue in the future.
    From: Baghdasarian
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