The US State Department announced today that Armenia has been chosen to be among a select group of 16 countries eligible for Millennium Challenge Account funding, a new multi-billion dollar US program designed to provide assistance to low-income countries that demonstrate a strong commitment toward good governance and economic growth and reform. Washington chose 16 out of 63 countries to be eligible to apply for MCA funds, so the final list includes Armenia, Benin, Bolivia, Cape Verde, Georgia, Ghana, Honduras, Lesotho, Madagascar, Mali, Mongolia, Mozambique, Nicaragua, Senegal, Sri Lanka, and Vanuatu. Overall funding for MCA will be $1 billion for Fiscal Year 2004.
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