MCC and the Government of Liberia Recognize Closeout of $257 million Compact, Boosting Access to Power and Economic Growth - News Summed Up

MCC and the Government of Liberia Recognize Closeout of $257 million Compact, Boosting Access to Power and Economic Growth


MONROVIA – The Millennium Challenge Corporation (MCC) and the Millennium Challenge Account Liberia (MCA-L) marked the successful closeout of the $257 million MCC Liberia Compact which aimed to address limited access to reliable and affordable electricity in the country and poor-quality road infrastructure. MCC programs are designed with partner countries to reduce poverty by addressing the binding constraints to economic growth. Analysis by MCC and the Government of Liberia showed that reliable access to power is a critical element to reduce poverty, strengthen economic growth, and improve living standards. The MCC Liberia Compact was a critical step for the country’s economic growth and development. About MCCThe Millennium Challenge Corporation is an independent U.S. Government agency working to reduce global poverty through economic growth.


Source: Front Page Africa January 26, 2021 05:03 UTC



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