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Deputy Armenian Prime Minister Meets Director Of U.S. Millennium Cha

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  • Deputy Armenian Prime Minister Meets Director Of U.S. Millennium Cha

    DEPUTY ARMENIAN PRIME MINISTER MEETS DIRECTOR OF U.S. MILLENNIUM CHALLENGES CORPORATION PROGRAM

    / ARKA /
    August 30, 2011
    YEREVAN

    YEREVAN, August 30. / ARKA /. Deputy Armenian prime minister
    Armen Gevorgian received Monday Alex Rasin, director of the U.S.
    government's Millennium Challenges Corporation (MCC) Program,
    the ministry of territorial administration told ARKA. It said Ara
    Hovsepian, head of the Millennium Challenges Account-Armenia Fund,
    was also present.

    During the meeting they discussed issues related to the completion
    of the irrigation projects implemented by the Millennium Challenges
    Account-Armenia.

    The sides were said to have agreed that the government will be
    consistent in correcting the revealed shortcomings and faults. The
    sides have also agreed on the implementation of post-warranty work
    by involved construction companies.

    On March 27, 2006 the Millennium Challenge Corporation signed a
    five-year, $235.65 million Compact with the Government of Armenia. The
    Compact was focused on one goal: reduction of rural poverty through a
    sustainable increase in the economic performance of the agricultural
    sector.

    Armenia planned to achieve this goal through a five-year program of
    strategic investments in rural roads, irrigation infrastructure and
    technical and financial assistance to improve the supply of water
    and to support farmers and agribusinesses. On September 29, 2006 the
    Compact officially entered into force. Later, in June 2009, the MCC
    board made a decision to suspend of the MCA-Armenia components -
    Rural road rehabilitation Project, with a $67 million budget to
    rehabilitate up to 350 kilometers of rural roads.

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