For Immediate Release ~ July 8, 2008
Contact: Sarkis Kotanjian ~ 818-243-6222
| MCA-Armenia CEO Ara Hovsepyan |
Los Angeles, CA – On Tuesday, June 24, 2008, the Corporate Board of Armenia Fund U.S. Western Region met with the Millennium Challenge Account (MCA) – Armenia Chief Executive Officer Ara Hovsepyan.
The meeting was arranged to update the members of the board on the progress of the activities of the Millennium Challenge Corporation (MCC). The MCA was established by the Government of Armenia at the request of the U.S. MCC. The entity is chiefly responsible for the proper, transparent implementation of the MCC grant. In 2006, the MCC awarded the Republic of Armenia a special grant of $235.65 million over five years to help rebuild the country’s rural roads and irrigation networks.
Chairperson Maria Mehranian welcomed all board members in her remarks. She emphasized the timeliness of this meeting and stated that Armenia Fund continues to be the organization that unites everyone in the greater Diaspora around the goal and mission of rebuilding Armenia. Mehranian further stated that the Fund remains the premier fundraising organization that has passed the test of time by brining significant change to Armenia, while maintaining its unity over 15 years. Therefore, it is the best forum for the MCA to present its update on Armenia.
| L to R: Chairperson Maria Mehranian, Avedis Kizirian, Chairman of Armenia Fund Switzerland, Ara Aghishian, Esq., Vice Chairman of Armenia Fund U.S. Western Region, and Consul General Armen Liloyan |
Mr. Hovsepyan extensively briefed Armenia Fund board members on the progress of the projects, including a financial summary to date. Armen Liloyan, Consul General of Armenia, reiterated the Armenian Government’s gratitude to the U.S. for continuing its important, humanitarian projects in Armenia.
Member organizations of Armenia Fund’s Corporate Board that were present included the Western Prelacy of the Armenian Apostolic Church of America, the Western Diocese of the Armenian Apostolic Church of North America, the Armenian Revolutionary Federation, the Social Democratic Hunchakian Party, the Armenian Democratic Liberal Party, the Armenian Assembly of America, the Armenian Relief Society of Western USA, and the Armenian General Benevolent Union SCDC.
Mr. Avedis Kizirian, Chairman of Armenia Fund Switzerland (Comite Suisse Du Fonds Armenie) was also present at the meeting.
Armenia Fund, Inc., is a non-profit 501(c)(3) tax-exempt corporation established in 1994 to facilitate large-scale humanitarian and infrastructure development assistance to Armenia and Nagorno Karabakh. Since 1991, Armenia Fund has rendered more than $190 million in development aid to Armenia and Nagorno Karabakh. Armenia Fund, Inc. is the U.S. Western Region affiliate of “Hayastan” All-Armenian Fund. Tax ID# 95-4485698
