Washington — Morocco's Fez Medina project, part of the country's compact with the U.S. Millennium Challenge Corporation (MCC), is a good example of the way MCC works with its partner countries to manage completion risks associated with the five-year clock on its compacts, MCC said in a July 27 press release.
Any country working under an MCC compact hears the persistent ticking of the clock running on the compact's deadline, which starts the moment implementation begins (which MCC refers to as "entry into force"). It seems to get louder as the compact's end approaches.
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