No Changes Expected In MCC Activity In Armenia

NO CHANGES EXPECTED IN MCC ACTIVITY IN ARMENIA

PanARMENIAN.Net
30.04.2008 15:51 GMT+04:00

/PanARMENIAN.Net/ No changes are expected in the Millennium Challenge
Corporation activity in Armenia.

Everything proceeds in its normal course. It’s unclear what decision
the Corporation leadership will take, said Ara Hovsepyan, MCA Armenia
Chief Executive Officer.

"$16 million has been already assigned this year. An $11-million
transfer is expected in the near future," he said, IA Regnum reports.

On March 12, U.S. Secretary of State Condoleezza Rice said that the
U.S. government can suspend the MCA in Armenia over imposition of
emergency rule in the republic.

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