Fiscal Year 2009: Fiscal Year 2009: : MCC has approved over $7.4 billion in compact and threshold programs worldwide that support country-determined projects in such sectors as agriculture and irrigation transportation (roads, bridges, ports); water supply and sanitation; access to health; finance and enterprise development; anti-corruption initiatives; land rights and access and access to education. The aggressive implementation of compacts and threshold programs is promoting growth opportunities, opening markets, raising the standard of living, and creating a more prosperous future for some of the world s poorest people. MCC is a prime example of smart U.S. Government assistance in action, benefiting both developing countries and U.S. taxpayers through competitive selection; country-led solutions; and country-led implementation. Fiscal Year 2010: No current data available. Fiscal Year 2011: No current data available.
Uses and Use Restrictions
Funds are authorized through grants and cooperative agreements, primarily with non-governmental organizations and educational institutions, to carry out activities in some of the world s poorest countries, but only those committed to good governance; economic freedom, and investments in their citizens.
MCC provides these well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth.
MCC grants complement other U. S. and international development programs.
Compacts are large, 5-year grants for countries that pass MCC s eligibility criteria.
Threshold programs are smaller grants awarded to countries that come close to passing these criteria and are firmly committed to improving their policy performance.
Beneficiaries are foreign governments, foreign public or private institutions or organizations, or foreign individuals who are eligible for MCC Compact or Threshold programs.
No Credentials or documentation are required. This program is excluded from coverage under OMB Circular No. A-87.
Aplication and Award Process
Preapplication coordination is not applicable.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110.
Contact the headquarters or regional office, as appropriate, for application deadlines.
Millennium Challenge Act of 2003, 22 U.S.C. 7701 et seq.
Range of Approval/Disapproval Time
Other - Not Specified.
Formula and Matching Requirements
Statutory formulas are not applicable to this program.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
5 years. See the following for information on how assistance is awarded/released: contact agency for information. See the following for information on how assistance is awarded/released: See the following for information on how assistance is awarded/released: contact agency for information.
Post Assistance Requirements
No audits are required for this program.
(Project Grants) FY 09 $7,400,000; FY 10 est not reported.; FY 11 est not reported.
Range and Average of Financial Assistance
No data available.
Regulations, Guidelines, and Literature
Regional or Local Office
See Regional Agency Offices. See Regional Agency Offices.
James R. Blades, Millennium Challenge Corporation, Contracts and Grants Management Division, 875 15th Street, NW, Washington, District of Columbia 20005 Email: email@example.com Phone: (202) 521-3600.
Criteria for Selecting Proposals
Village Capital announced the winners of the $50,000 prize awarded to social entrepreneurs who don’t “self-define as social entrepreneurs”. The winners didn’t start out thinking of themselves as social enterprises.