Armenia
On March 27, 2006 the MCC signed a $235.65 million Compact with Armenia, which will focus on rural road rehabilitation and agricultural projects.
MCA StatusOn December 19, 2005 the MCC approved a five year $235.65 million compact with Armenia. The Compact will focus on reducing rural poverty through a sustainable increase in the economic performance of the agricultural sector, and by investing in roads, irrigation infrastructure and technical and financial assistance to support farmers and agribusiness.
Country CompactArmenia's MCC compact proposal (pdf) By comparison, Armenia's Poverty Reduction Strategy Paper (PRSP) focuses on establishing a strong macroeconomic framework and improving the business environment, and outlines plans for public spending on a social protection network, on investments in health and education, and on infrastructure. Armenia's PRSP (pdf)
Country EligibilityIn the FY 2008 selection process, Armenia scored above the median on one of six “ruling justly” indicators--failing the hard corruption hurdle--three of five “investing in people” indicators, and five of the six “economic freedom” indicators. Recent instability, failing the corruption hurdle, and slippages in key governance indicators continue to raise questions about Armenia’s approval for a Compact. Armenia’s performance (pdf) on the FY 2008 selection indicators Review Armenia’s performance (pdf) on the FY 2007 selection indicators Review Armenia's performance (pdf) on the FY 2006 selection indicators. Learn more about the MCC's country selection process.
Country FactsData are for 2006 (or most recent year available)
Source: World Development Indicators 2007 Armenia at a Glance from the World Bank (PDF)
Other U.S. PoliciesDevelopment Assistance In FY 2006 USAID requested $55 million to finance programs addressing economic restructuring, economic growth, governance, and health, among other areas. These funds are authorized under the FREEDOM Support Act (FSA) of 1992, passed to promote assistance to the Independent States of the former Soviet Union. Trade The U.S. imported $46 million in goods from Armenia in 2004; half of this trade entered with access granted under the Generalized System of Preferences (GSP). About two thirds of total imports were small manufactured goods, such as toys, musical instruments, and jewelry, while apparel and textiles accounted for one fifth of total imports. Other DonorsThe top three donors to Armenia in 2005 were:
Source: Development Assistance Committee Database
World Bank InvolvementThe World Bank has financed 44 operations for a total of $935 million in Armenia since the first program in 1993. Lending in 2006 was near $70 million. As of June 2006 sectors in which the World Bank was active included: rural sector, water supply and sanitation, energy and mining, social protection, public sector/governance, private sector development, health and nutrition, education, and environment.
Other ResourcesCompendium of food and agriculture indicators from the UN’s Food and Agriculture Organization (FAO) -(PDF) Department of State country profile providing background on Armenia’s history and U.S.-Armenia relations
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