MCA - ARMENIA RECEIVES THE FIRST TRANSFER
Support A1+!Millennium Challenge Corporation (MCC), on behalf of the United States Government, has transferred the first tranche of USD 1,460.000. from the second disbursement to Armenia. The second transfer of USD 270.800 is scheduled for the next month. The funds for Armenia’s Millennium Challenge Compact are approved quarterly by the MCC and disbursed monthly into MCA-Armenia’s bank account.
The money will be mainly directed towards the Agreements that MCA-Armenia signed in January 2007. Specifically, the Implementing Entity Agreement with National Statistical Service which will collect data through surveys and provide MCA-Armenia with household survey data, as well as data on rural poverty rates, income changes, and satisfaction with the MCA program. The second Implementing Entity Agreement was signed with the Armenian Road Directorate which will be responsible for the implementation and the oversight of the Rural Roads Rehabilitation Project. The money will also be used towards the cost of the contract expected to be signed with the Water-to-Market Activity Project Manager later this month.
