Moldova and Ukraine Eligible for U.S. MCC Assistance
Moldova and Ukraine in November 2006 became eligible for Millennium Challenge Corporation (MCC) program assistance. The countries will now begin a consultative process to develop a Compact, which is a multi-year agreement between the MCC and the country to fund specific projects targeted at reducing poverty and stimulating economic growth.
Also in November 2006, MCC approved a $24.7 million agreement with the Government of Moldova for assistance with its anti-corruption strategy under MCC’s Threshold Program. The Government of Moldova hopes, with the MCC’s assistance, to battle corruption in the public sector. This initiative will be carried out mostly under the guidance of the U.S. Agency for International Development and U.S. Department of Justice. More information on the Moldova Threshold Program can be found at http://www.mcc.gov/countries/moldova.
In Eurasia, MCC has signed a $295 million Compact with Georgia in September 2005, and in March 2006, it signed a $235 million Compact with Armenia. In November 2005, the Kyrgyz Republic was named eligible for MCC Threshold Program assistance.
The Millennium Challenge Account is an innovative approach to development assistance centered on the recognition that sound policies and good governance are critical to poverty reduction and economic growth in developing countries. For more information, visit www.mcc.gov. // BISNIS
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