El Salvador Compact

Productive Development Project

Objective

Assist with the development of profitable and sustainable productive business ventures, with a primary focus on assisting poor farmers shift to the cultivation of high-value crops and other productive enterprises.   

Activity

Business development support for micro, small and medium enterprises in high-value agriculture, tourism and handicrafts.  Collaboration with USAID resulted in a Global Development Alliance grant of $500,000 to help build out the cold-storage chain for the commercialization activities of El Salvador Produce—a beneficiary-owned company.

Ghana Compact

Agriculture Project

Objective

Enhance the profitability of staple food and horticulture crops and improve delivery of business and technical services to support the expansion of commercial agriculture among farmer-based organizations.

Activity

The rehabilitation of a large irrigation scheme in the northern Ghana and the construction of a new public scheme in the Volta Region.  Both schemes involve a transition of management to a private operator and include the participation of private sector anchor farmers and the establishment of outgrower schemes with the participation of smallholder farmers.

Ghana Compact

Rural Development Project

Objective

To extend the depth and value of financial services provided to rural populations (including farmers) by reinforcing their integration into the cash economy, as well as widening their access to savings, credit and cash transfer services.

Activity

Support for the software to introduce check truncation and hardware to modernize a system for the automated clearing of electronic payments.

Indonesia Compact

Community-Based Health and Nutrition to Reduce Stunting Project

Objective

Reduce and prevent low birth weight and childhood stunting and malnourishment of children in project areas, and to increase household income through cost savings, productivity growth and higher lifetime earnings.

Activity

Stimulate market-based responses to identified demand for nutrition and sanitation interventions through a grants program that leverages private sector capital.

Morocco Compact

Artisan and Fez Medina Project

Objective

Stimulate economic growth by leveraging the links between the craft sector, tourism and the Fez Medina’s rich cultural, historic and architectural assets.

Activity

Support the design and reconstruction of historic sites within the Fez Medina, including the funding of an international architectural design competition for one of the most prominent sites.

Development of new tourism circuits in Fez and Marrakech as well as the promotion of artisan products and circuits in those cities.

Namibia Compact

Agriculture Project

Objective

Increase economic opportunities for INP stakeholders through improved organizational, business and technical capacities along the value chain. 

Activity

Supporting via the INP Innovation Facility a series of “call for proposals” that solicit interest from public and private entities to develop innovations for broad application in the INP industry and essential to short-term and long-term competitiveness of in the global market place.

Namibia Compact

Tourism Project

Objective

Assist Namibia in building conservancy capacity to protect natural resources, attract investment and achieve financial sustainability so that households in communal conservancy areas can receive a greater share of revenues.

Activity

Provide partial grant funding for joint venture lodges on conservancy land in order to incentivize private sector investment and create jobs in rural Namibia. Grant funding will also fund game relocation and community projects to reduce damage from wildlife, such as waterhole protection.

Objective

Increase tourist arrivals to Namibia by expanding marketing of Namibia as a tourist destination, developing and marketing local and regional tourism route packages, and developing a fully interactive website for the Namibia tourism.

Activity

Support the development of a Namibia Tourism Board interactive website and a marketing program target at North American tourists and outbound tourism businesses.

Armenia Compact

Irrigated Agriculture Project

Objective

Address the physical, managerial and financial investments needed to generate sustainable increases in rural incomes through irrigated agriculture.

Activity

Build the management capacities of the water supply agencies and water users' associations, as well as provide training and access to credit for member farmers to transition to more profitable, market-oriented agriculture.

Burkina Faso Compact

Agriculture Project

Objective

Improve access to rural finance to increase medium- and long-term credit in the four western regions of Sud-Ouest, Hauts Bassins, Cascades, and Boucle du Mouhoun.

Activity

Technical assistance through business services providers to support rural farmers, farmer groups and enterprises in developing investment projects and accessing credit. 

Morocco Compact

Artisan and Fez Medina Project

Objective

Enable artisans to increase the quality of their goods by providing training in modern production techniques and business management.

Activity

Train potters in new techniques and designs and technologies to improve product offerings to the tourism market in Morocco and abroad.   

Morocco Compact

Enterprise Support Project

Objective

Improve entrepreneurship sustainability, particularly for new enterprises created by recent graduates.

Activity

Provide individualized coaching during a two-year pilot period to 600 new, small enterprises to help reduce the rate of business failure and raise incomes relative to a comparable control group. If the pilot is successful, more entrepreneurs will receive similar coaching.

Namibia Compact

Agriculture Project

Objective

Increase economic opportunities for indigenous natural product stakeholders through improved organizational, business and technical capacities along the value chain. 

Activity

In coordination with the U.S. Department of Agriculture, conduct an assessment of US market demand for devil’s claw as a dietary supplement and veterinary herbal remedy and if promising develop a U.S. Market Entry Strategy.

Armenia Compact

Irrigated Agriculture Project

Objective

Address the physical, managerial and financial investments needed to generate sustainable increases in rural incomes through irrigated agriculture.

Activity

Reform of water laws and provision of technical assistance to enhance capacity and sustainability of water supply agencies (the providers of irrigated water) and farmer owned-and -controlled water users' associations and build the production capacity of farmers.

Benin Compact

Access to Justice

Objective

Faster, fairer and cheaper access to judicial decisions through courts throughout Benin

Activity

Improved laws, regulations, processes, and physical infrastructure and IT for courts and related judicial services. Six new court buildings (including establishment and construction of Legal Information Center).  Improved case management. Extensive training of judges, court staff and lawyers in commercial law.

Outcome

Modernized Administrative Code (first since independence), modern case management rules, automation of case management, five new courthouses (including several entirely new jurisdictions), expanded access to legal information for lawyers and broader public. 

Objective

Creation of Center for Arbitration, Mediation and Conciliation to facilitate expedited and inexpensive resolution of commercial disputes. 

Activity

Hire and train staff, arbitrators and businesses in alternative dispute resolution. Equip center, develop processes and rules. Facilitate transfer of cases from courts. 

Outcome

Established institution receiving large number of cases.

Honduras Compact

Rural Development Project

Objective

Enhance financial inclusion through modernizing secured transactions.

Activity

Secured transactions reform including the development of a national registry.

Outcome

Registry became operational January 2011 with over 600 registrations as of March 2011.

Lesotho Compact

Private Sector Development

Objective

Speed, simplify and reduce costs for commercial dispute resolution.

Activity

Development and construction of new Commercial Court; development and implementation of computerized case management system in High Court, Commercial Court and Magistrates Court; development of pre-trial, court-annexed mediation system; and creation of small-claims process.

Philippines Compact

Revenue Administration Reform Project

Objective

Raise tax revenues and reduce tax evasion and revenue agent-related corruption.

Activity

Increase the efficiency and sustainability of revenue collection through a redesign and computerization of business processes at the Bureau of Internal Revenue. The compact supports a resident advisor from IMF’s Fiscal Affairs Division to assist with policy redesign and other tasks.

Support a public awareness campaign to encourage voluntary compliance and broadcast taxpayer information regarding tax procedures and enforcement.

Objective

Enhance capacity of Revenue Integrity Protection Service (RIPS) to detect and pursue corruption and malfeasance in revenue agencies. Support increased collection of government revenues.

Activity

Strengthen RIPS through new rules to provide enhanced autonomy, greater power and improved transparency. Provide case management system software and computer equipment.

Benin Compact

Access to Financial Services Project

Objective

Strengthening the capacity of financial institutions for the expansion of existing services or the development of new services for the advantage of micro-, small- and medium-sized enterprises (MSMEs) and strengthening the capacity of the MSMEs to access extended financial services and use them efficiently by improving their solvency.

Activity

Funding a Challenge Facility which supports a demand-driven and competitive mechanism that co-funds with participants technical assistance and capacity building for both financial institutions and business development services providers.

Burkina Faso Compact

Agriculture Project

Objective

Increase medium- and long-term credit in the four western regions of Sud-Ouest, Hauts Bassins, Cascades, and Boucle du Mouhoun.

Activity

Provide a $10 million lending facility for participating financial institutions to provide medium to long-term loans, particularly to farmers and small and medium-sized, rural and agricultural enterprises.

Cape Verde Compact

Watershed Management and Agriculture Support Project

Objective

Increase agricultural productivity in three rural intervention watershed areas.

Activity

Provided a $600,000 credit facility for microfinance institutions to finance drip irrigation, working capital and agribusiness investments targeting farmers in the intervention watershed areas.

Outcome

The credit facility resulted in 225 loans for a total of $617,000 in lending to farmers to install drip irrigation, invest in production and market produce.

El Salvador Compact

Productive Development Project

Objective

Increase lending and access to credit and other financial services and to improve the risk profile of micro, small and medium producers and rural entrepreneurs in the Northern Zone.

Activity

Support two credit guarantee programs, one targeting micro-enterprises that are predominantly farm-based and one small- and medium-sized enterprises to generate increased lending activity by banks and non-bank financial institutions in the Northern Zone.

Objective

Increase production and employment in the Northern Zone through the provision of investment capital to competitively selected applicants for business activities located in and benefiting poor inhabitants of the Northern Zone.

Activity

Establish an investment support fund—FIDENORTE— to provide medium-term investment capital at market rates to competitively selected applicants for commercially-viable activities by the private sector in the Northern Zone.

Georgia Compact

Enterprise Development Project

Objective

Provide risk capital and technical assistance to SMEs, primarily in the regions outside Tbilisi where access to credit is a constraint to growth.

Activity

Created a new investment fund, the Georgia Regional Development Fund (GRDF), that was permitted to draw up to $30 million to fund eligible projects and up to $2.5 million to provide technical assistance to investees. More than half the portfolio was to consist of investments in businesses engaged in agriculture and tourism.

Outcome

At the time of the end of the compact, GRDF had invested over $32 million in 14 SMEs (with more than $30 million funded by returns from earlier investments) and had also provided almost the full amount of budgeted technical assistance. During the five years following the end of the compact, investments will wind down and the proceeds used to fund scholarships in Georgia.

Ghana Compact

Agriculture Project

Objective

Increase profitability of groups of smallholder farms in support of the expansion of commercial agriculture.

Activity

Augment the supply of and access to credit provided by financial institutions operating in the intervention zones.

Honduras Compact

Rural Development Project

Objective

Increase the productivity and business skills of farmers who operate small- and medium-size farms and their employees.

Activity

Make available loans, in an aggregate principal amount of $6 million, through an on-lending facility to financial institutions to provide loans to horticulture and high-value agriculture producers.

Outcome

By the end of the program, the credit facility provided more than $10 million in lending at market rates to horticulture and high-value agriculture producers, increasing access to credit for agriculture and agribusiness throughout Honduras. 

Indonesia Compact

Green Prosperity Project

Objective

Financing of low-carbon development projects through the establishment of a financing facility.

Activity

Provide funding to hydro, biomass and other renewable energy and natural resource management sectors in select districts through a grant-making window and a commercial window.

Madagascar Compact

Financial Sector Reform Project

Objective

Improve a weak banking system, make essential financial services available to rural areas, advance credit skills, and cut delays and risks in payments for goods and services.

Activity

Provide financing and technical assistance to four microfinance institutions in the rural areas supported by the compact’s agriculture-related activities.

Moldova Compact

Transition to High Value Agriculture Project

Objective

Provide term financing needed to support increased investment in the high-value agriculture supply chain to facilitate transition to wider production of high-value agriculture.

Activity

Provide term loan of three to seven years via the High Value Agriculture Post-Harvest Credit Facility will through participating financial institutions to fund post-harvest supply chain investments.

Morocco Compact

Financial Services Project

Objective

Assist microcredit institutions in Morocco to lessen their dependence on donor funding and rely to a greater extent on commercial funding sources.

Activity

Provide up to $25 million in subordinated loans to Jaida, a microfinance intermediary.  Jaida in turn accesses senior debt from commercial banks and uses the total proceeds to lend to Moroccan microcredit institutions.

Morocco Compact

Fruit Tree Productivity Project

Objective

Increase the yield and quality of fruit production in order to modernize and unlock opportunities in the olive value‐chain, particularly in the export market by increasing quality and quantity of olive and date production.

Activity

Through the Catalyst Fund, provide partial grant financing to newly formed olive oil cooperatives for the purchase of olive oil filtration and related equipment. These grants will augment loans from Credit Agricole du Maroc and allow cooperatives to extract greater value from their crops.

Nicaragua Compact

Rural Business Development Project

Objective

Facilitate increases in the production of high-value goods and the profits and wages of farmers, agribusinesses and other non-farm businesses in western Nicaragua.

Activity

Provide technical assistance and grants to co-finance up to 30 percent of the total cost of new investments by farms and rural businesses. 

Outcome

Selected farmers and businesses successfully executed business plans developed under the Rural Business Development Services program. 

Benin Compact

Access to Financial Services Project

Objective

Identify and support legal and policy changes that are needed to facilitate the deepening and expansion of the financial sector in Benin, particularly the strengthening of microfinance supervision.

Activity

Build the capacity of the Consortium Alafia (a microfinance trade association) credit information bureau.

Burkina Faso Compact

Agriculture Project

Objective

Improve access to rural finance to increase medium- and long-term credit in the four western regions of Sud-Ouest, Hauts Bassins, Cascades, and Boucle du Mouhoun.

Activity

Support to build capacity within financial institutions to profitably and securely expand rural lending.

Cape Verde Compact

Private Sector Development Project

Objective

Increase access to credit by supporting the development of microfinance institutions (MFIs).

Activity

Provided technical assistance to MFIs to take advantage of expanded deposit-taking powers and ease the transition to a new regulatory environment, provided software to support the record-keeping associated with those deposit-taking powers and improved operational and financial sustainability.

Outcome

By the end of the program all five participating MFIs were rated as operationally sustainable, and three of the five at financially sustainable—a significant improvement in the strength of the microfinance sector in Cape Verde.

El Salvador Compact

Productive Development Project

Objective

Increase lending and access to credit and other financial services through technical assistance to support increased lending activity by banks and non-bank financial institutions in the Northern Zone.

Activity

Provide specialized, short-term technical assistance to bank, non-bank and non-governmental financial intermediaries in the Northern Zone that are working to expand rural finance and improve credit analysis, introduce new technologies into their service delivery, or develop specialized products (such as leasing, savings, or specialized agricultural credit products) that increase access to financial services.

Honduras Compact

Rural Development Project

Objective

Increase the productivity and business skills of farmers who operate small and medium-size farms and their employees.

Activity

Technical assistance to help financial institutions better analyze credit risk and administer credit in rural communities.

Outcome

Created innovative programs with input suppliers and triangulated lending systems between financial institutions, producers and buyers of horticulture products. With technical assistance from the compact, Bayer launched the Agroempresarios de Éxito pilot project in which a full technical assistance package (credit bureau access, credit management, accounting system, accounting management) was rolled out to five Bayer retailers. Bayer presented Agroempresarios de Éxito to its regional president and it received approval to expand their experience to other countries. 

Morocco Compact

Financial Services Project

Objective

Support the microcredit institutions of Morocco to increase access to funding, assist with the transformation to deposit taking institutions and provide other forms of assistance.

Activity

Provide technical assistance to microcredit institutions to help them strengthen management systems and product offerings in preparation for a possible transition to a deposit taking institution and the increased regulatory oversight that that would entail.

Benin Compact

Access to Financial Services Project

Objective

Identify and support legal and policy changes that are needed to facilitate the deepening and expansion of the financial sector in Benin.

Activity

Support for Cellule de Microfinance, the microfinance supervisory authority in the Ministry of Finance.

Objective

Improve the financial sector regulatory environment.

Activity

Support for financial sector regulatory changes by funding the analysis of and advocacy for such changes.

Benin Compact

Access to Justice

Objective

Expansion and reform of business registration center.

Activity

Develop new rules and processes, fund establishment of new offices and provide computer systems to manage registration system.

Outcome

Faster, simpler and cheaper registration of businesses – from street vendor to joint stock company.

Cape Verde Compact

Private Sector Development Project

Objective

Developing a competitive, private-sector driven economy through a focus on priority sectors.

Activity

Remove constraints to investment and stimulate priority sectors of the economy by reducing early-stage project development risks that dissuade both domestic and international private investors.

Outcome

With the technical assistance of the International Finance Corporation’s credit bureau team, Cape Verde completed the preparatory work and attracted an international investor to launch the first private credit bureau in the country. This reform will have a direct impact on Cape Verde’s Doing Business rank.

Objective

Support financial sector competitiveness by enabling domestic, non-bank investors, including individuals and corporations, to access the primary market for government securities.

Activity

Provided technical assistance to the Ministry of Finance to assist with the development of new auction procedures and related matters such as the design of a registry of ownership and the role of financial intermediaries.

Outcome

The legislation permitting the sale of securities to individuals was passed in November of 2009.

Objective

Increase access to financial services and improve financial intermediation.

Activity

Policy reform supporting the regulation and expansion of deposit-taking powers to microfinance institutions.

Outcome

In September 2007, the Cabinet of the Government of Cape Verde approved a microfinance law that regulates the institutions and authorizes microfinance institutions to collect savings.

Ghana Compact

Rural Development Project

Objective

Strengthen rural institutions that provide services complementary to and supportive of agricultural and agribusiness by strengthening rural financial services and improving the national payments systems to serve people currently not served or under-served.

Activity

Provide technical assistance to propose amendments to existing payments’ system legislation and regulations to accommodate new payment streams and methods enabled by MCC supported automated clearing and check truncation systems.

Honduras Compact

Rural Development Project

Objective

Increase the productivity and business skills of owners and employees of small- and medium-size farms.

Activity

The expansion of the national property registration system to include a new registry of movable property and liens, interconnecting this new registry with the land title registry and commercial (mercantile) registry and connecting registry system offices with each other and key clients.

Outcome

The Secured Transaction Law was ratified on January 28, 2010, and the subsequent launch of the movable property registry was launched on January 28, 2011. The law and registry together allow movable property such as equipment, shop inventory, future crops, tractors, supply contracts, sewing machines, accounts receivable, and other non-real property or other real estate assets as collateral when applying for access to credit.  More than 200 registrations were logged in the first month of operations.

Lesotho Compact

Private Sector Development

Objective

Increase private sector activity in Lesotho by improving access to credit, reducing transaction costs and increasing the participation of women in the economy.

Activity

Funding for the production and issuance costs for national identification cards, including hardware, software, data capture, staff training; consultation to develop necessary legal and regulatory reforms; and the development and execution of a public awareness campaign.

Madagascar Compact

Financial Sector Reform Project

Objective

Reduce the cost of payment systems in Madagascar and increase the value and range of related products.

Activity

Equipping and modernizing the interbank payment system to reduce risk and reduce delays in settlement from 45 days to 3 days.

Outcome

At the time the compact ended, the equipment was in place and training had been completed.

Objective

Improve financial system safety and efficiency by modernizing laws regulating financial instruments and payment systems.

Activity

Provided technical assistance to redraft payments systems laws. This was a counterpart activity to the compact support for the physical modernization of the payments system.

Outcome

Drafts of new payment systems laws were presented to Parliament but not voted on by the end of the compact.

Morocco Compact

Financial Services Project

Objective

Support the microcredit institutions of Morocco to increase access to funding, assist with the transformation to deposit taking institutions and provide other forms of assistance to improve access to services and management.

Activity

Provide partial grants for the purchase of mobile banking units that can provide intermittent banking services to remote populations.

Benin Compact

Access to Markets Project

Objective

Expand capacity, reduce costs and improve the operating performance of Benin’s Port of Cotonou.

Activity

In coordination with MCC, the Government of Benin engaged the International Finance Corporation (IFC) to structure and manage the competition for the award of the south wharf concession, signed on September 10, 2009. The new container terminal is expected to generate up to $30 million in new revenues annually and $256 million in complementary investments from the concessionaire, Groupement Bolloré-SMTC. In addition to the various fees that will be paid over the life of the concession, Groupement Bolloré-SMTC has agreed to more than double container traffic by year 2020 and will also finance landside infrastructure improvements. Based on IFC’s analysis, the concession will generate a positive fiscal effect exceeding $1.5 billion for the country over the 25-year life of the concession.

El Salvador Compact

Human Development Project

Objective

Increase access to basic services and community infrastructure.

Activity

The Rural Electrification Sub-Activity will extend electricity to at least 97 percent of the estimated 47,000 households in the Northern Zone that currently are not connected to local power distribution networks, including investment in new rural electrification lines, connections and extensions of existing lines co-financed and operated by local subsidiaries of Arlington, Virginia-based AES Corporation.

Jordan Compact

As-Samra Wastewater Treatment Plant Expansion Project

Objective

Facilitate the expansion of a wastewater treatment plant on a build-operate-transfer (BOT) basis, by providing a grant to buy down the capital costs of the project and increase its affordability for the government.

Activity

MCC approved a grant of $93 million towards the construction cost of expanding the As-Samra Wastewater Treatment Plant under a public-private partnership with a private sector operator, which will mobilize a debt and equity funding for the project.

Malawi Compact

Power Sector Revitalization Project

Objective

Support renewable energy-based rural electrification by providing early-stage seed capital for private investors.

Activity

MCC competitively a tendered grant of $2 million in pre-compact funding to provide a private project developer with early-stage project development capital for a renewable energy-based mini-grid project.

Outcome

With MCC’s catalytic funding, Rural Electric is now continuing its project development efforts in northern Malawi using its own capital.

Mali Compact

Bamako-Sénou Airport Improvement Project

Objective

Remove constraints to air-traffic growth and increase the airport’s efficiency in both passenger and freight handling through airside and landside infrastructure improvements, as well as the establishment of appropriate institutional mechanisms to ensure effective management, operation and maintenance of the airport facilities over the long term.

Activity

Provides technical assistance to establish a model for the management of the airport and the long-term future status and organizational structure of Aéroports du Mali, including provision for eventual private sector participation. Bamako Airport concession will be operated based on a public-private partnership model after compact-funded rehabilitation is complete.

Morocco Compact

Artisan and Fez Medina Project

Objective

Stimulate economic growth by leveraging the links between the craft sector, tourism and the Fez Medina’s rich cultural, historic and architectural assets.

Activity

In the Medina of Fez, supporting the design and reconstruction of five historic sites, including the funding of an international architectural design competition for the largest and most prominent of the sites. The sites will contain mixed uses, including artisan production facilities, shops, open public spaces, restaurants, cafes, training facilities, a boutique hotel, and tourist-support facilities. MCC funding supports development of notional business plans and real estate management structures for the sites. 

Mozambique Compact

Water and Sanitation Project

Objective

Improve sustainability of delivery of urban water services.

Activity

Funding for water supply networks in large and mid-sized cities, which will be leased to private operators, and networks in smaller cities and towns, which will be pooled so as to facilitate operations and maintenance by the private sector through a management contract.

Benin Compact

Access to Justice

Objective

Promote formalization and growth of micro and small enterprises

Activity

Legal Aid program and assistance to Mediator of the Republic provided legal training and simplified documentation to thousands of entrepreneurs in several languages.

Outcome

Enhanced understanding of legal obligations (such as business registration) allowing large numbers of small businesses to legally participate in commerce.

Jordan Compact

As-Samra Wastewater Treatment Plant Expansion Project

Objective

Enhance the ability of the government to negotiate and close a BOT project.

Activity

MCC provided the government with funding to procure technical, financial, and legal advisors to assist the government in structuring, negotiating and closing the expansion of the As-Samra Waterwater Treatment Plant on a BOT basis.

Objective

Enhance the ability of the government to manage the BOT contract during the construction phase of the project.

Activity

An authority engineer will be hired to advise the government on matters related to the Restated Project Agreement for the BOT project, and to certify construction progress for monthly disbursements of the MCC grant.

Mali Compact

Alatona Irrigation Project

Objective

Increase production and productivity, increase farmer incomes, improve land tenure security, modernize irrigated production systems, and mitigate the uncertainty from subsistence rain-fed agriculture.

Activity

Develop a private sector participation strategy to attract potential investors to further develop and manage areas of Alatona with irrigation infrastructure and agricultural production.

Mozambique Compact

Water and Sanitation Project

Objective

Improve sustainability of delivery of urban water services.

Activity

MCC funding, together with World Bank support, is helping to build the capacity of local institutions to develop policies and manage programs consistent the government’s policy for delegated management to the private sector.

Malawi Compact

Power Sector Revitalization Project

Objective

Strengthen for the government’s policy reform agenda and build capacity in pivotal sector institutions including ESCOM, the national power utility, and MERA, the regulatory authority.

Activity

Strengthen the financial and operational performance and governance of Malawi’s power utility and to develop a regulatory environment that supports the government’s policy reform goals for the sector, including increasing power system capacity, access and private sector participation.