MCC will allocate USD 150 million to Georgia’s economyMarch 19, 2011 - 18:54 AMT PanARMENIAN.Net - Millennium Challenge Corporation will provide Georgia with the second tranche of USD 100-150 million, said in Washington the Chief Executive Officer of MCC, Daniel Johannes, when speaking at a meeting of the Foreign Relations Committee U.S. House of Representatives. He noted that "the MCC budget for 2012 will amount to 1 billion 125 million dollars, which will allow to approve a new round of financing projects in Georgia and Ghana." According to Johannes, "these countries were chosen based on their strong policies, access to markets, strategic and regional importance to the United States and the criteria for successful implementation of the first tranche", Business Georgia reports. The first tranche of $ 300 million was allocated Georgia in September 2005 and was later increased by another $ 100 million. The first tranche allowed Georgia to implement Georgia, five major infrastructure projects: the rehabilitation of main gas pipeline "North-South”, general renovation of energy infrastructure of Georgia, a project of roads reconstruction in the region of Javakheti, the development of regional infrastructure and the rehabilitation of agricultural sector, according to Vestnik Kavkaza. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |