YEREVAN, JUNE 11, NOYAN TAPAN. During the June 11 meeting with the speaker of the RA National Assembly Tigran Torosian, Chief Executive Director of the Millennium Challenge Corporation (MCC) John Danilovich expressed satisfaction over the process of implementing the Millennium Challenge Program, noting that 7 mln USD has been allocated so far, and an agreement on another 25 mln USD has been signed. He said that despite the majority of democrates, the US Congress approved this program of George Bush, which means the program got the right of long-term operation. Proceeding from this fact, J. Danilovich intends to raise the issue of extending the legal privileges in the Congress, which will help increase the efficiency of the Millennium Challenge Program. Under the current agreement, the program is envisaged for a five-year period, after which the program is considered completed and its financing ends, irrespective of the process of work implementation. Based on assessment of the program's implementation efficiency, J. Danilovich is going to ask the Congress for the right of signing a second - simultaneos agreement during the implementation of the first agreement in order to enhance the work's efficiency. According to him, at the early stage, the agreements signed with various countries have a relatively small budget (in case of Armenia - 236 mln USD), and in the event of the program's successful implementation, this sum may be increased. According to the RA National Assembly PR Department, T. Torosian expressed his satisfaction with the changes proposed by John Danilovich within the framework of implementing the Millennium Challenge Program. In his words, they will really help with carrying out this program and will create new opportunities.

---