MILLENIUM CHALLENGE ACCOUNT TO PROVIDE $175 TO ARMENIAN GOVERNMENT

PanARMENIAN.Net - Armenia has arranged the package of proposals, which will be presented to

the Millennium Challenge Account, Regnum news agency reported. In

the course of the sitting of the Board of Trustees of the MCA Armenian

Program March 25 the proposal program, worked out by international and

local experts for getting funding within the Account framework was

discussed. In compliance with the Program, the Armenian Government expects

to receive financial assistance of approximately $175 million, which will

be spent on strategic investments in irrigation and restoration of roads

between the regions. The Program is specifically directed at stimulating

and providing rapid growth of the economic activities in the regions of

Armenia. The council headed by the Prime Minister of Armenia has approved

the Armenian Program, which is submitted to the MCA. The agreement final

language will be ready after the talks between the Armenian Government and

MCA.