Millennium Challenge Corporation Allocates $19 Mln for Armenia in Jan-May 2008
03.06.2008,
02:33
The Millennium Challenge program allocated some $19mln for Armenia in January-May 2008, Executive Director of the Millennium Challenge-Armenia Foundation Ara Hovsepyan reported.
YEREVAN, June 2. /ARKA/. The Millennium Challenge program allocated some $19mln for Armenia in January-May 2008, Executive Director of the Millennium Challenge-Armenia Foundation Ara Hovsepyan reported.
“The program implementation is running according to the schedule,” he said. “We had difficulties in implementing the road construction program which is now being agreed with the corporation.”
The foundation plans to submit an application to the Millennium Challenge Corporation for further financial assistance for July-September programs, according to Hovsepyan. However, he did not mention the exact sum.
The Executive Director of Millennium Challenge-Armenia pointed out the corporation has partly satisfied the foundation’s application on financing $11mln worth April-June programs by allotting $4mln for Armenia. The corporation said it needs time to study thoroughly the application.
Under the agreement signed on March 27, 2006, the Millennium Challenges Corporation is to allocate $235.65mln for irrigation systems and community roads in Armenia. –0--
“The program implementation is running according to the schedule,” he said. “We had difficulties in implementing the road construction program which is now being agreed with the corporation.”
The foundation plans to submit an application to the Millennium Challenge Corporation for further financial assistance for July-September programs, according to Hovsepyan. However, he did not mention the exact sum.
The Executive Director of Millennium Challenge-Armenia pointed out the corporation has partly satisfied the foundation’s application on financing $11mln worth April-June programs by allotting $4mln for Armenia. The corporation said it needs time to study thoroughly the application.
Under the agreement signed on March 27, 2006, the Millennium Challenges Corporation is to allocate $235.65mln for irrigation systems and community roads in Armenia. –0--
