YEREVAN, JUNE 27, NOYAN TAPAN. The bid for the fourth allocation and other documents to be submitted to the Millennium Challenge Corporation (MCC) were discussed at the June 26 sitting of the Management Board of the Millennium Challenge Account (MCA) - Armenia, which was conducted by the board chairman, Armenian prime minister Serge Sargsian. NT was informed by the RA Government Information and PR Department that in addition to the bid, the package contains the quarterly financial reports, the report on allocation preconditions, the financial and work plans, the report on quarterly progress, and the report on purchases. By the fourth bid, Armenia envisages receiving 1 million 991 thousand 753 dollars from the MCC next quarter (July-September 2007). In the indicated period, the following sums will be allocated to the program components: 536,107 dollars for rural roads restoration, 1 million 802 thousand 405 dollars for rural irrigation, 89 thousand 490 dollars for monitoring and evaluation, and 489 thousand 921 dollars - for the program's management and control. Thus, according to the financial report, the actual forecast expenses make 2 million 917 thousand 923 dollars next quarter. The difference of the sum indicated in the bid and the actually required sum will be covered at the expense of the balance on the bank account.

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