Director of Millenium Challenge Fund to inspect realization of projects in Armenia

The CEO of the Millenium Challenge, Daniel Johannes will visit Armenia to monitor realization of its program in the country on May 3-5, News Armenia reports.

Johannes will meet Armenian President Serzh Sargsyan, high-ranking officials, farmers, donor-partners, private businessmen and publicity.

The Millenium Challenge Corporation and the Armenian government signed an agreement on reducing rural poverty by sustainable economic growth of agriculture areas.

The program will be completed in September 2011, with a total of $180 million spent.

Over 420,000 Armenians in 350 villages will have their branch pipelines restored, pumping stations modernized, new water systems formed, agriculture canals reconstructed and drainage systems repaired.

About 45,000 farmers are studying advanced methods of farming. Farmers and minor agriculture business were offered credits worth $8,500.

The Millenium Challenge is an innovative structure helping foreign states cope with poverty.