Representative of the Millennium Challenge Account in Armenia Alex Rosin expressed satisfaction with the program presented by the Armenian government. In his words, mission of the corporation is to find out Armenia's degree of correspondence to the standards for the further financing. "We are at the initial stage presently and are making preliminary assessments, then we will proceed to purposeful implementation", he stated during a press conference in Yerevan. He also informed that in the near future the Armenian working group will be introduced to the corporation after what an analogous group from the American part will be formed. However he did not rule out that some difficulties may emerge resulting in delay of financing. At the same time expressed hope that cooperation with Armenia will be "as efficient and rapid as with other states." In his turn Armenian Minister of Finance and Economy Vardan Khachatrian informed that the Millennium Challenge Account Corporation insisted that the members of the working group should not be engaged in any other activities besides the tasks to be fulfilled within the program. To note, when presenting the Millennium Challenge Account in 2002 President Bush stated that it will "reward nations that root out corruption, respect human rights, and adhere to the rule of law, invest in better health care, better schools and broader immunization and have more open markets and sustainable budget policies, nations where people can start and operate a small business without running the gauntlets of bureaucracy and bribery." The total fund of the program for the first year will make $1 billion, for the second $2.5 billion. 17 states in Africa, Asia, and Latin America as well as two former USSR republics - Armenia and Georgia. The amount of the funds provided depends on the programs presented by the countries. Armenian expects to receive about $700-900 million during three years, IA Regnum reported.