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Millennium Challenge Corporation
Reducing Poverty Through Growth |
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| Millennium Challenge Corporation Signs Five Year, $235 Million Compact with Armenia |
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Washington, D.C.— Today(3-27-06), in a signing ceremony at the State Department's Benjamin Franklin room, Chief Executive Officer of the Millennium Challenge Corporation, Ambassador John Danilovich and Armenia's Minister of Finance and Economy, Vardan Khachatryan signed a $235.65 million Compact between MCC and the Republic of Armenia. MCC Chair Secretary of State Condoleezza Rice officiated and witnessed the signing. She was joined by Armenia's Foreign Minister Vartan Oskanian. More.
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In The News...  |
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U2 lead singer and DATA (debt AIDS trade
Africa) co-founder Bono addresses the staff of the Millennium Challenge Corporation encouraging the completion of Compacts with eligible African countries.
Photo Courtesy: J. Tayloe Emery
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| What Is the Millennium Challenge Corporation? |
| In January 2004, Congress passed a "new compact for global development" called for by President Bush which links greater contributions from developed nations to greater responsibility from developing nations. The President proposed a concrete mechanism to implement this compact -- the Millennium Challenge Account (MCA) - in which development assistance would be provided to those countries that rule justly, invest in their people, and encourage economic freedom. Read more... |
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| Natural Resources Management Indicator Search |
| In response to MCC's Request for Ideas published June 27, MCC received seven ideas for an indicator. These are currently being reviewed by independent volunteer experts. MCC anticipates the review of these ideas will conclude at the end of November. Learn more about MCC's search, here. |
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