Armenia Loses Eligibility for Second MCC Compact

Armenia has no chance at present to get eligibility for a second compact with the Millennium Challenge Corp. due to failing governance and human rights records, the U.S. ambassador to the Caucasus country said on Friday (April 15).

“At this point, Armenia is not eligible for a second compact due to where it stands on the [MCC] indicators,”  Marie Yovanovitch said, alluding to the country’s disputed 2008 presidential poll and the violent government crackdown against protesters thereafter.

She added: “Perhaps at some point in the future, there might be a possibility … Every year, every country is reviewed for eligibility.”

Before providing aid, MCC examines a country’s performance in policy indicators under three categories: ruling justly, economic freedom and investing in people.

Yovanovitch said forthcoming parliamentary and presidential elections could offer “an opportunity to boost these indicators,” reports.

Read more about U.S. development aid.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.