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MCC CHIEF EXECUTIVE TO VISIT ARMENIA
Tert.am
02.05.11
Chief Executive Officer of the Millennium Challenge Corporation
(MCC), Mr. Daniel W Yohannes, will visit Armenia May 3-5 to review
the results of the five year, US-funded MCA-Armenia Program.
According to a press release by the corportation, the MCC Chief
Executive will meet with President Serzh Sargsian, senior officials
of the Government of Armenia, farmer beneficiaries, donor partners,
and private sector and civil society representatives.
In 2006, the US Government's Millennium Challenge Corporation (MCC)
and the Government of the Republic of Armenia signed a Compact with the
objective of reducing rural poverty through a sustainable increase in
the economic performance of the agricultural sector. When completed in
September 2011, the MCC grant investment of nearly USD 180 million in
the MCA-Armenia program will benefit over 420,000 rural residents in
around 350 communities across Armenia by refurbishing major sections of
the country's main canal systems, modernizing some of the most urgently
needed pumping stations, introducing new gravity irrigation schemes,
re-building tertiary canals and restoring sections of the Ararat
Valley Drainage system. The MCA-Armenia program is also training
nearly 45,000 farmers in improved agriculture practices, delivering
technical assistance to water supply institutions, and providing USD
8.5 million in credit to farmers and small agribusinesses in support
of the program objectives.
MCC is an innovative U.S. foreign aid agency that is helping lead
the fight against global poverty.
From: A. Papazian
Tert.am
02.05.11
Chief Executive Officer of the Millennium Challenge Corporation
(MCC), Mr. Daniel W Yohannes, will visit Armenia May 3-5 to review
the results of the five year, US-funded MCA-Armenia Program.
According to a press release by the corportation, the MCC Chief
Executive will meet with President Serzh Sargsian, senior officials
of the Government of Armenia, farmer beneficiaries, donor partners,
and private sector and civil society representatives.
In 2006, the US Government's Millennium Challenge Corporation (MCC)
and the Government of the Republic of Armenia signed a Compact with the
objective of reducing rural poverty through a sustainable increase in
the economic performance of the agricultural sector. When completed in
September 2011, the MCC grant investment of nearly USD 180 million in
the MCA-Armenia program will benefit over 420,000 rural residents in
around 350 communities across Armenia by refurbishing major sections of
the country's main canal systems, modernizing some of the most urgently
needed pumping stations, introducing new gravity irrigation schemes,
re-building tertiary canals and restoring sections of the Ararat
Valley Drainage system. The MCA-Armenia program is also training
nearly 45,000 farmers in improved agriculture practices, delivering
technical assistance to water supply institutions, and providing USD
8.5 million in credit to farmers and small agribusinesses in support
of the program objectives.
MCC is an innovative U.S. foreign aid agency that is helping lead
the fight against global poverty.
From: A. Papazian