MCC Board of Directors Selects Nepal for Compact, Cote d’Ivoire for Threshold Program Board also selects Mongolia and Philippines for new compacts, approves Threshold Program in Guatemala Washington, D.C.—At its quarterly meeting on Dec. 10, the Millennium Challenge Corporation Board of Directors voted to make Nepal eligible for a compact, MCC’s large-scale investment program, and Cote d’Ivoire eligible for a smaller, Threshold Program. The Board also selected Mongolia and the Philippines as eligible for new compacts, and approved efforts to continue developing compacts with six previously selected countries. The Board cited Nepal’s consistent strong performance on MCC’s eligibility scorecards as well as its progress in institutionalizing democratic progress. Nepal and MCC had been developing a Threshold Program, and it is expected that compact development will build off those efforts. “The Government of Nepal has made great progress in establishing democratic institutions that are responsive to its citizens,” MCC CEO Dana J. Hyde said. “The Board’s decision provides an opportunity for the United States to deepen its bilateral relationship with Nepal and help improve the lives of the Nepalese people.”
Posted on: Fri, 12 Dec 2014 01:01:47 +0000
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