In the framework
of the program Armenia expect to get USD175 m, USD 118 m of which allocated
for irrigation systems, and USD 57 m - for renovation of community roads. Armenian
Government claims that as a result of the program the poverty in Armenia will
be reduced on 5%.
In the beginning of July Republic of Cape Verde signed five-year Compact with MCC in excess of $110 million to support the country's goal of poverty reduction and economic growth. The Compact will help transform Cape Verde by making sizeable investments in water resources, agricultural productivity, major port and road improvements, and initiatives to promote the private sector, including investment climate and financial sector reforms. Cape Verde became third country after Honduras and Madagascar with which compact was signed. Besides, MCC approved the Program with Burkina Faso, which will be focused on improving girls' primary education completion rates ($12.9 m). According to Georgian media, this country seeks MCC support in rehabilitation of gaz pipelines ($200 m). For more information please contact Yekaterina Potapova at firstname.lastname@example.org