Open news feed Close news feed
A A

VARDAN KHACHATRYAN IS CONTENT WITH THE PROGRAMME IMPLEMENTATION

Social

“We welcome the parliamentary election outcome in Armenian and congratulate the Armenian people on bettering the conduct of elections in the country,” John Danilovich, the Executive Director of the Millennium Challenge Cooperation, said during the inauguration of the Millennium Challenge Account Armenia state non-commercial organization.

John Danilovich has written a few letters to the Armenian President on the necessity for fair governance as an important benchmark of the Millennium Challenge programme.

Danilovich declined to answer journalists' questions today. Instead, Vardan Khachatryan, the RoA Minister of Finance and Economy, spoke of the programme implementation in Armenia.

“The Millennium Challenge Armenia programme is implemented on a satisfactory level. The preparations will be completed by the end of the year”, Vardan Khachatryan, told news reporters on June 11.

The MCC has already allotted 5.5 million dollars to Armenia, and will earmark another 6-7 million by the end of this year.

“A programme will be launched aimed at reduction of poverty and development of rural communities, which involves repair and construction of rural infrastructures,” Vardan Khachatryan says.

According to the minister, the fluctuation of the exchange rate of the dollar affects the programme. The dollar depreciation resulted in the fall of the dram's buying capacity. Therefore the programme has been curtailed. We have signed an agreement with the Asian Bank: 30 million will come for roads. I hope the second project will bring another 30. Negotiations with the Japanese Development Bank are underway, which is also ready to fund the program of roads. So, nothing will be left out,” Vardan Khachatryan says.