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Millennium Challenge Corp. Vice President Coming To Check Armenia-MC

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  • Millennium Challenge Corp. Vice President Coming To Check Armenia-MC

    MILLENNIUM CHALLENGE CORP. VICE PRESIDENT COMING TO CHECK ARMENIA-MCA PROGRAM RESULTS

    epress.am
    09.30.2011 16:45

    Vice President for Compact Operations of the Millennium Challenge
    Corporation, Patrick Fine, will visit Armenia Oct. 2-4 to review the
    results of the five year US-funded MCA-Armenia Program. During his
    visit he will meet with Armenian President Serzh Sargsyan, senior
    officials of the Government of Armenia, farmer beneficiaries, donor
    partners, and private sector and civil society representatives,
    according to a press release issued by the US Embassy in Armenia today.

    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. Since its
    completion on Sept. 29, 2011, the MCC grant investment of nearly
    $177 million USD in the MCA-Armenia program has benefitted 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 has also trained over 45,000 farmers in
    improved agriculture practices, delivering technical assistance to
    water supply institutions, and providing $8.5 million USD in credit
    to farmers and small agribusinesses to support the program objectives,
    reads the statement.

    Subject: Millennium Challenge Corp. Vice President Coming To Check
    Armenia-MCA Program Results

    Millennium Challenge Corp. Vice President Coming to Check Armenia-MCA
    Program Results

    09.30.2011 16:45 epress.am

    Vice President for Compact Operations of the Millennium Challenge
    Corporation, Patrick Fine, will visit Armenia Oct. 2-4 to review the
    results of the five year US-funded MCA-Armenia Program. During his
    visit he will meet with Armenian President Serzh Sargsyan, senior
    officials of the Government of Armenia, farmer beneficiaries, donor
    partners, and private sector and civil society representatives,
    according to a press release issued by the US Embassy in Armenia today.

    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. Since its
    completion on Sept. 29, 2011, the MCC grant investment of nearly
    $177 million USD in the MCA-Armenia program has benefitted 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 has also trained over 45,000 farmers in
    improved agriculture practices, delivering technical assistance to
    water supply institutions, and providing $8.5 million USD in credit
    to farmers and small agribusinesses to support the program objectives,
    reads the statement.

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