Armenia and Georgia: Preparing for the Millennium Challenge

On July 28, 2004, the CSIS Russia and Eurasia Program and Hills Program on Governance hosted a half-day workshop on economic growth and foreign assistance in Armenia and Georgia, “Armenia and Georgia: Preparing for the Millennium Challenge.” The selection of Georgia and Armenia as two of sixteen countries eligible to apply for Millennium Challenge Account (MCA) assistance comes at a time when their economies have been growing at an impressive rate: 14 percent for Armenia in 2003, 8 percent for Georgia. These figures are in stark contrast to the slower economic growth of the 1990s as well as the political difficulties both countries faced in 2003-04.