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Diane Publishing Books
Millennium Challenge Corporation: Summary Fact Sheets for 11 Compacts Entered into Force
David Gootnick (au)
The Millennium Challenge Corp., now in its 4th year of operations, is to provide aid to developing countries that have demonstrated a commitment to ruling justly, encouraging economic freedom, and investing in people. MCC provides assistance to eligible countries through multiyear compact agreements to fund specific programs targeted at reducing poverty and stimulating economic growth. As of Aug. 2008, MCC had signed compacts with 18 countries totaling approx. $6.3 billion; of the 18 signed compacts, 11 compacts had entered into force, obligating a total of approx. $3 billion. This report includes fact sheets for the 11 MCC compacts that had entered force as of Aug. 2008. Illustrations.
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