MILLENNIUM CHALLENGE CORPORATION TRANSFERS FIRST TRANCHE OF
1 MLN 456 THOUSAND USD FROM SECOND DISBURSEMENT TO ARMENIA
26-01-2007 18:10:00 | Armenia | Economy
YEREVAN, JANUARY 26, NOYAN TAPAN. Millennium Challenge
Corporation (MCC), on behalf of the United States Government,
has transferred the first tranche of USD 1,460.000. from the
second disbursement to Armenia. The second transfer of USD
270.800 is scheduled for the next month.
According to Millenium Challenge Account (MCA)-Armenia
organization, the money will be mainly directed towards the
Agreements that MCA-Armenia signed in January 2007.
Specifically, the Implementing Entity Agreement with National
Statistical Service which will collect data through surveys and
provide MCA-Armenia with household survey data, as well as data
on rural poverty rates, income changes, and satisfaction with
the MCA program.
The second Implementing Entity Agreement was signed with
the Armenian Road Directorate which will be responsible for the
implementation and the oversight of the Rural Roads
Rehabilitation Project. The money will also be used towards the
cost of the contract expected to be signed with the
Water-to-Market Activity Project Manager later this month.