During his remarks at the U.S. Africa Leaders Summit, United States President Joseph R. Biden announced the U.S. government's Millennium Challenge Corporation's (MCC) Board of Directors has selected The Gambia, Togo, Senegal, and Mauritania to develop new MCC grant programs while applauding the agency's historic new regional partnership.
"Today, the Millennium Challenge Corporation signed its first ever Regional Transport Compact with the Governments of Benin and Niger," said President Biden. "Since the start of my administration, the MCC has announced new investments of nearly 1.2 billion dollars in Africa.
In fact, the MCC just announced partnerships with four African countries -- first compacts for The Gambia and Togo to boost economic development, a compact with Senegal to bolster regional connections, and a threshold program with Mauritania to help strengthen democratic governance and pursue policy reform to unlock economic growth. These MCC investments are part of the work were doing worldwide through the Partnership for Global Infrastructure and Investment."
During its annual "selection" meeting held last week, MCC's Board -- which is chaired by the U.S. Secretary of State Antony Blinken -- selected The Gambia and Togo as eligible to develop compacts, MCC's five-year grant program that focuses on large-scale infrastructure investments and address policy and institutional reforms. The Board also chose Senegal as eligible to develop
a concurrent regional compact as well as Mauritania for a threshold program. Threshold programs are MCC's smaller grant program that is designed to support policy and institutional reforms that address the factors constraining a country's economic growth in countries that may not yet be meeting MCC's strict compact eligibility criteria.
"Today's announcement is symbolic of both the United States' enduring commitment to Africa and MCC's dedication to creating a stronger, more resilient global community," said MCC's Chief Executive Officer Alice Albright. "Our Board's selection of these countries affirms each country's aspiration or commitment to democratic principles as well as their intentions to make the investments and institutional changes necessary to build a more prosperous future for their communities. The MCC Board's decision comes at a critical time, and we look forward to working together with each country to develop a program that will address the most pressing challenges facing their economies."
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MCC has been a steadfast partner with governments across the African continent since our agency was founded in 2004, investing $9.5 billion in 24 African countries. With these new selections, MCC has expanded its active programs to 14 countries in Africa with compact and threshold programs worth $3 billion as well as another $2.5 billion in the pipeline.
Along with selecting countries for new grant programs, MCC's Board also reselected Côte d'Ivoire as eligible for a concurrent regional compact program; Mozambique, Sierra Leone, and Zambia for compact development; and Kiribati for threshold program development. The Board also reaffirmed its support for continuing compact development in Belize. MCC regularly reviews its partner countries' policy performance throughout the development and implementation of a compact or threshold program.
