YEREVAN (Armenpress)-Threats to cut Millennium Challenge Corporation funding will not affect Armenia’s ongoing rural development programs, Armenian President Robert Kocharian told a press conference Friday.
The MCC is not Armenia’s only option for continuing the development of its rural provinces, Kocharian explained.
"Of course Armenia would like to continue working with the Millennium Challenges Corporation, but if it decides to suspend funding, Armenia will choose other opportunities for the complete implementation of the program," Kocharian said.
Many unanswered questions arise when the Millennium Challenge Corporation threatens to suspend its programs in other countries, Kocharian told reporters. The program is very peculiar in this sense, he said, because it shows that the program has motives beyond economic development.
"We must therefore always be ready for the suspension of the program," the President noted. "But I do not doubt that Armenia is able to fully carry out the program."
"The program is not theirs, it is ours," he said. It is merely being financed by them."
The President told reporters that Armenia has developed a greater program for the development of the provinces and rural communities, which is particularly connected with the construction of roads and water supply infrastructure.
The "Hayastan" All-Armenian Fund is carrying out part of this program, while another portion of it is being funded by the Asian Bank, he explained. The Asian Bank has thus far provided 66 million dollars in aid for Armenia’s rural programs. Armenian government’s budget is also financing the programs, Kocharian explained.