The Millennium Challenge Corporation, an independent agency that invests in low-income and lower-middle-income countries, has selected Zambia and Belize as eligible for its five-year grants in the fiscal year that started 1 October. The so-called MCC compacts are worth around $400m to $500m and must be negotiated with the US government to go into effect.
“I am excited to announce MCC’s new partnerships with Belize and Zambia,” Mahmoud Bah, the corporation’s acting chief executive officer, said in a press release on Wednesday following the previous day’s closed-door meeting of the Board, which is chaired by Secretary of State Antony Blinken. “These governments have demonstrated a clear commitment to democratic governance, investing in people, and pursuing economic freedom. We look forward to working together to develop programs that reduce poverty and enable sustainable and inclusive
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