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The United States Government’s Millennium Challenge Corporation (MCC) has re selected Sierra Leone for its compact development programme – a significant investment to support economic growth in Sierra Leone.
This was made known in statement after the (MCC) Board of Directors held its quarterly meeting on December 15, 2021.
Other countries who were reselected for compact development includes Indonesia, Lesotho, Malawi, Mozambique, and Timor-Leste while Kenya and Kiribati were selected for threshold program development. The MCC also selected Belize and Zambia as newly eligible countries for its compact five-year grant program.
Sierra Leone re-selection by MCC’s Board of Directors in 2021 means the country has passed the MCC Scorecard for a third year in a row to develop a compact, a program designed to further reduce poverty and increase economic growth for the people of Sierra Leone. Earlier in March, The previous MCC investment in Sierra Leone was concluded. It was a $44.4 million Threshold Program to reform the water and electricity sectors in Sierra Leone and advance economic growth.
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The Millennium Challenge Corporation is an independent U.S. government agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants and assistance to countries that meet rigorous standards for good governance, fighting corruption and respecting democratic rights.
