Republic of Armenia to Sign $235 Million Millennium Challenge Compact
march 24, 2006
Student Operated Press
Secretary of State Condoleezza Rice, Chair of the Board of the Millennium Challenge Corporation (MCC), will make remarks at the signing of the Millennium Challenge Compact between the United States and the Republic of Armenia, on Monday, March 27, 2006 at 4:00 p.m., in the Benjamin Franklin Room, at the Department of State.
MCC Chief Executive Officer Ambassador John Danilovich and Armenian Foreign Minister Vartan Oskanian will also make remarks. The $235.65 million Compact will be signed by Ambassador Danilovich and Armenia’s Minister of Finance and Economy, Vardan Khachatryan.
Armenia’s Millennium Challenge Compact aims to reduce rural poverty through a sustainable increase in the economic performance of the agricultural sector. The Compact consists of two investments: a Rural Road Rehabilitation Project and an Irrigated Agriculture Project. The program will directly impact 75 percent of the rural population and is expected to significantly increase the annual incomes of the rural poor.
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
Student Operated Press
Secretary of State Condoleezza Rice, Chair of the Board of the Millennium Challenge Corporation (MCC), will make remarks at the signing of the Millennium Challenge Compact between the United States and the Republic of Armenia, on Monday, March 27, 2006 at 4:00 p.m., in the Benjamin Franklin Room, at the Department of State.
MCC Chief Executive Officer Ambassador John Danilovich and Armenian Foreign Minister Vartan Oskanian will also make remarks. The $235.65 million Compact will be signed by Ambassador Danilovich and Armenia’s Minister of Finance and Economy, Vardan Khachatryan.
Armenia’s Millennium Challenge Compact aims to reduce rural poverty through a sustainable increase in the economic performance of the agricultural sector. The Compact consists of two investments: a Rural Road Rehabilitation Project and an Irrigated Agriculture Project. The program will directly impact 75 percent of the rural population and is expected to significantly increase the annual incomes of the rural poor.
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
posted by Vahe Balabanian at 10:10 PM
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