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Armenia Can Search For Donors In Other Countries

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  • Armenia Can Search For Donors In Other Countries

    ARMENIA CAN SEARCH FOR DONORS IN OTHER COUNTRIES

    /PanARMENIAN.Net/
    12.06.2009 17:25 GMT+04:00

    /PanARMENIAN.Net/ Millennium Challenges Corporation's decision to
    suspend financing of Armenia is not connected with recent elections
    into the Council of elders, Caucasus Institute Director, politologist
    Alexander Iskandaryan told a news conference in Yerevan. "Firstly,
    corporation's management has been changed, so, probably the new
    management has a new approach to some issues. Secondly, March 1-2
    events has had a serious impact on Armenia's image and it's hard to
    improve it, once impaired."

    According to him, suspension of financing in Armenia will not promote
    democracy development in the country. "This step won't make Armenian
    opposition better or more democratic. $ 70 million is not a large sum,
    but in crisis circumstances, we surely, need the money. Such a decision
    is a political loss to Armenia, but the country could look for donors
    in other countries, Alexander Iskandaryan emphasized. According to
    the politologist, this decision is not a consequence of Armenia's
    refraining from participation in NATO trainings in Georgia.

    At the sitting of Millennium Challenges Board of Directors, headed
    by State Secretary Hillary Clinton, Corporation decided to suspend
    financing of Armenia. According to Corporation's Director Deneral,
    Rodney Bent, RA Government is responsible for the decision, as
    its actions do not satisfy corporation's principles for democratic
    governance development.
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