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Millennium Challenge Corporation Reducing Poverty Through Growth
Millennium Challenge Corporation Board Approves First Compact with Madagascar
The Millennium Challenge Corporation (MCC) Board of Directors approved MCC's first Millennium Challenge Compact. The nearly $110 million, four-year Compact with Madagascar aims to reduce poverty through economic growth and focuses on projects in three areas: property rights, financial sector, and agricultural business investment. more...
Click here for more information about Madagascar's Compact...
President Marc Ravalomanana of Madagascar and MCC CEO Paul Applegarth will be featured speakers at Johns Hopkins University School of Advanced International Studies (SAIS) Forum more...
A farmer working on a lychee farm in Toamasina, Madagascar.
What Is the Millennium Challenge Corporation?
In January 2004, Congress passed a "new compact for global development" called for by President Bush which links greater contributions from developed nations to greater responsibility from developing nations. The President proposed a concrete mechanism to implement this compact -- the Millennium Challenge Account (MCA) - in which development assistance would be provided to those countries that rule justly, invest in their people, and encourage economic freedom. Read more...
Compact Proposal Guidelines
In order to assist eligible countries in submitting Compact proposals, “Guidance for Developing Proposals for MCA Assistance in FY 2004” and "Country Questions and Answers" regarding these Guidelines have been developed and translated into Armenian, English, French, Georgian, Mongolian, Portuguese, and Spanish.
