Posted on March 29, 2012 by Jonathan Brooks, Managing Director for Europe, Asia, Pacific, and Latin America
Although MCC's compact with Armenia closed at the end of September, the U.S. Embassy in Yerevan is ensuring the lessons we learned during our five-year partnership can improve the country’s future development projects.
The embassy’s new MCC Resource Center makes information regarding MCC’s $177 million investment available as a reference for future U.S. Government development projects, Armenians from the diaspora interested in building upon compact projects and others. The center includes an array of documents like farmer-training maps, public outreach documents, quarterly bulletins, and training materials.
The MCC Resource Center also provides embassy staff and visitors with information on MCA-Armenia’s successor, the Foreign Financed Projects Management Center (FFPMC). An FFPMC team led the compact development process, and we are pleased that they are involved again by helping monitor MCC’s investments over the next few years.
I am currently in Armenia with the American Times www.the-american-times.com, a country promotional and investment report. After 2 months in the country I can safely say we have had no real talks regarding Agriculture as a form of FDI, specifically from the US. However, it makes sense now. It appears that the general investments from the MCC are directed toward sustenance farming projects (of course the typical major source of income for average people in many emerging countries). Noble, yes; effective, we cannot tell because we have had almost zero interaction or mention of the Agro sector here in Armenia from government officials and major private sector players that we have met, and there have been many meetings.
I have to ask, since leaving Georgia, where Agro is the country’s number 1 priority and who has a $600M development fund to back that priority….where does the future (5 years) of Armenia Agro lay? Greenhouses, wineries, etc?
Thank you for any feedback. If useful we may include in our report as we are still (as of 02/04/13) still in Yerevan.
With Best Regards,