MCC funding delay forces Armenian disbursement for road project

The Armenian government earmarked USD16.8 million to finance the country’s massive rural roads reconstruction project, which earlier won financial backing from the Millennium Challenge Corporation. The MCC decided to defer the release of the first installment of the five-year, USD235.6 million aid package amid post-election aggression in the Southeastern European state. (Armenia To Finance Road Project Frozen By U.S. ? Armenialiberty.org, Jul. 14, 2008)

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