In both Senegal and Cote d’Ivoire, the Board recommended that MCC explore potential investments that address regional obstacles to economic growth, in addition to domestic investments, while recognizing the need for statutory authority to optimize regional impact.
The Board also selected Togo and Sri Lanka to develop MCC threshold programs. Togo has shown a clear upward trajectory on overall scorecard performance over the past few years. Sri Lanka has embarked on a remarkable effort over the past year to reinvigorate its democratic institutions, improve governance, and restore protection of human rights.
Nepal, Niger and the Philippines were reselected by the Board to continue developing their compacts. The Board reselects all countries in compact development as part of the annual selection process. The Board deferred a vote on the reselection of Tanzania and Lesotho for compact eligibility until relevant governance concerns in both countries have been addressed.
Finally, the Board reaffirmed its commitment to developing a compact with Mongolia and its support for a strategic partnership with India to advance economic growth and poverty reduction in South Asia.
The Millennium Challenge Corporation is an innovative and independent U.S. Government agency working to reduce global poverty through economic growth. Created by the U.S. Congress in January 2004, with strong bipartisan support, MCC provides time-limited grants and assistance to countries that demonstrate a commitment to good governance, investments in people and economic freedom. Learn more about MCC at www.mcc.gov.