The Millennium Challenge Corporation has signed a five-year, $304.5 million compact with the Government of Namibia aimed at reducing poverty and accelerating economic growth. The Compact aims improve the quality of education and training for underserved populations, and attempts to capitalize on Namibia’s comparative advantages (e.g., large areas of semi-arid communal land suitable for livestock, and diverse wildlife and unique landscapes ideal for ecotourism) to increase the incomes of poor Namibians in the northern areas of the country.
Namibia was named eligible for Millennium Challenge Compact assistance on November 8, 2005.