March 16, 2007 - 17:50 AMT
Millennium Challenge Program in Armenia may be stopped
The Millennium Challenge Program in Armenia may be stopped if big problems are witnessed in the republic, for example if election is declared invalid, postponed or cancelled," said John Danilovich, Chief Executive Officer of the Millennium Challenge Corporation. "I am hopeful that there will happen nothing of the kind in the near future. A month ago I had a conversation with Armenian President Robert Kocharian," he said. When asked by Congressman Knollenberg whether recall of funds allocated to Armenia is possible, Mr Danilovich said, "The allocated funds are not subject to return. The money is spent immediately upon going into the program, reports RFE/RL.

The U.S. government is expected to allot $235 million to Armenia for fiscal 2008.