MCC Board Selects Philippines as Compact Eligible
On March 11, the Millennium Challenge Corporation Board of Directors announced that the Philippines has been selected as eligible to apply for an MCC compact. The Board noted the Philippines' consistent performance on eligibility criteria and its effective implementation of the MCC-funded Threshold Program focused on helping curb corruption through improved tax and customs administration and strengthening of their Ombudsman's office.
Kyrgyz Republic Launches $16 million Millennium Challenge Threshold Program to Improve the Rule of Law
On March 14, the United States and the Kyrgyz Republic signed a two-year, $16 million MCC threshold program agreement at the White House in Bishkek. The program seeks to increase the independence and effectiveness of the judicial system, develop a more functional and trusted police force, improve the government’s capacity to investigate and prosecute corruption cases, educate the public and media on the dangers of corruption and strengthen the financial disclosure system.
Niger Launches $23 Million Millennium Challenge Threshold Program to Promote Girls’ Education, Combat Corruption, Reduce Red Tape
On March 17, Nigerien Prime Minister Seini Oumarou and Millennium Challenge Corporation Deputy CEO Rodney Bent officiated at the signing of a three-year, $23 million threshold program. The program focuses on bolstering girls’ education, reducing public corruption, streamlining business creation procedures and improving rights and access to land.
Recent Events:
MCC Hosts a Public Outreach Event on Recent Board of Directors Meeting
On March 12, MCC CEO Ambassador John Danilovich discussed decisions of the recent MCC Board of Directors meeting and other 2008 MCC highlights.
Press Freedom and Poverty Reduction: Exploring Links in Developing Countries
On March 26, MCC hosted a public forum with a distinguished panel exploring the links between press freedom, economic growth and poverty reduction in anticipation of World Press Freedom Day.
Features:
Check out the Millennium Challenge Corporation’s new Compact Implementation Quarterly Status Reports. These two-page reports are divided into nine major areas, each illustrating a different aspect of the country’s Compact program. A new timeline feature guides you through the implementation process of an MCC Compact.
Check out the latest MCC CEO Blog post featuring the recent Board of Director’s meeting, partnering with the private sector and other topics.
Check out the brand new Poverty Reduction Blog featuring firsthand accounts of MCC’s impact by MCC staff around the world.
MCC takes into consideration a number of cost benefit factors when developing a compact. Economic Rates of Return (ERR) are a comparison of costs and the potential benefits of those costs. To emphasize MCC’s commitment to transparency, ERR data is available to the public. Learn more about Economic Rates of Return.
|
The Newsletter of the Millennium Challenge Corporation
