The Millennium Challenge Corporation (MCC) Compact Development Coordinating Office, in the Office of the President at State House, has on Tuesday 29th January 2013 engaged development partners at the Drawing Room, State House, on the way forward for the initiative. The session was called to enhance the exchange of ideas with stakeholders and to update representatives on Sierra Leone's Compact Development process.
Giving a welcome note, the State House Chief of Staff Dr Richard Konteh disclosed that government is committed to share ideas with development partners, while; it continues to build upon what has been achieved.
Government, he said, attaches great importance to MCC programmes and encouraged participants especially from state-owned institutions to think Sierra Leone and not as individuals.
The Chief of Staff added that the programme will provide catalytic funding that will enable the stimulation of funding to finance development projects.
Dr Konteh further stated that MCC financing kicks off in 2015 and will go beyond the life span of the "Agenda for Prosperity", and that government is exploring possible areas for a proper guide in the implementation of the process.
MCC's role, according to the State House Chief of Staff, is to ensure that government remains focused, stating that "we have to continue to build upon the experiences that already exist to take us through the entire process".
In a brief power-point on update of the Sierra Leone Compact development process, the Programme Coordinator, Mamoud Idriss, said that the country has made major developmental strides which are very good.
He said that the MCC programme covered the areas of good governance, economic freedom and investment in citizens, adding that the MCC is a partnership with poorer countries in the world that are committed to the aforementioned principles, and that Sierra Leone has qualified for a financial support under those terms.
Mr. Idriss said that different countries have benefited from such financial grant and poverty reduction, through economic growth, and the country was qualified to earn such grant.
He said that smart public policy will bring additional benefits and sustainability to ensure that there will be effective implementation of the process.
The Programmed Coordinator called for private sector ownership of the process as Sierra Leone has already achieved most of the indicators.
Suggestions, recommendations and comments were made by participants after the Programme Coordinator's presentation.
It could be recalled that the MCC was established in January 2004 by the United States of America to promote sustainable growth and poverty reduction in developing countries.
The MCC is also specifically mandated to promote economic growth and elimination of extreme poverty, strengthen good governance, economic freedom and investment in people.