In September 2011 the MCA-Armenia program that reached out to more than 400,000 rural farmers across the country through MCC investment of around $177 million in the irrigation and agricultural sectors of Armenia successfully completed. Driven by local needs and context, this 5-year Compact entered into force on September 29, 2006 and expired on September 29, 2011.
On October 1, 2011, the Government of Armenia established a permanent Project Management Group within the Ministry of Finance’s Foreign Financing Projects Management Center (FFPMC) to manage MCA-Armenia assets and monitor post-Compact sustainability of MCC investments. As MCA-Armenia’s successor, and in accordance with the Program Closure Plan (PCP) agreed between the Government and MCC, FFPMC is responsible for on-going monitoring and evaluation (M&E) of the Armenia Compact program in addition to oversight of the on-going credit program and the defects liability period. The purpose of Post-Compact M&E is to observe the persistence of benefits created under the Compact and confirm that proper operations and maintenance of Compact investments is taking place.