Liberia Approved for U.S. Millennium Compact to Fund Development

Liberia has been approved for $256 million in financing from the Millennium Challenge Corporation - a U.S. government agency that awards five-year compacts after a competitive process to countries meeting rigorous performance guidelines.  The funds are allocated for a range of development projects including electricity, road maintenance, reforms and capacity building.

MCC CEO Dana J. Hyde, center, shakes hands with Liberian Minister of Finance and Development Amara M. Konneh (file photo).

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