YEREVAN.- Armenia will not be able to receive financial assistance from the Millennium Challenge Corporation (MCC), unless corruption and fair governance indicators are improved, writes the Armenian Haykakan Zhamanak newspaper.   

Such a conclusion can be drawn from a statement of the U.S. Embassy received by the newspaper in response to their request to comment on the situation.

The statement in particular mentions that MCC is cooperating with the countries with free economy which are investing in their people. Compliance of MCC programs with a certain country is determined based on implementation of MCC parameters. These indicators are estimated every November. During the MCC session held this January provision of the second program to Armenia was not discussed.

Newspaper’s sources in U.S. Embassy confirmed the information.

“Armenia can apply for MCC funding until November, thus the indicators should be improved by this time,” the newspaper writes.