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.