Sierra Leone and Liberia qualify for Millennium Challenge Corporation statusThursday, Dec 20, 2012 in Africa Governance Initiative
At its quarterly meeting this week, the U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors selected Liberia, Niger, Sierra Leone, Morocco, and Tanzania as eligible to develop proposals for new compacts. This significant decision, taken by the MCC Board means that Sierra Leone and Liberia can now propose new ‘compacts’ with the Corporation to help support reform and growth within each respective country.
Daniel W. Yohannes, the MCC’s Chief Executive Officer said: “This year’s selection decisions are a testament to the ‘MCC Effect,’ the ability of MCC to provide incentives for countries to adopt policy reforms and strengthen institutions in order to become eligible for an MCC compact.
“Liberia, Niger and Sierra Leone have worked hard for several years to meet MCC’s rigorous eligibility standards, and the Board is pleased to recognize these efforts by selecting them as eligible to develop compact proposals.”
Dr Malte Gerhold, AGI Sierra Leone Project Head said: “Being selected as eligible for an MCC compact is an exciting achievement for Sierra Leone. It demonstrates that Sierra Leone is increasingly taking its development into its own hands, seeking the support of development partners for its priorities.”
Regarding Liberia’s selection, Rupert Simons, AGI Liberia Project Head said: "This is great news for Liberia. Many government ministries worked together to make Liberia eligible for a Millennium Challenge compact. The announcement takes Liberia a step closer to securing the resources it needs to invest in infrastructure and public services."
The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. Government foreign aid agency that is helping lead the fight against global poverty through the promotion of sustainable economic growth. MCC is based on the principle that aid is most effective when it reinforces good governance, economic freedom and investments in people. To learn more about MCC please visit www.mcc.gov.
AGI has been in Sierra Leone since 2008, providing support in key government institutions, including the Office of the President, Sierra Leone’s Investment and Export Promotion Agency (SLIEPA) and the Ministries of Agriculture and Health.
In Liberia AGI currently supports the Ministry of Finance, the Ministry of Public Works and the National Investment Commission, as well as the Office of the President.