A delegation from the U.S. Government’s Millennium Challenge Corporation (MCC), led by Cynthia Huger, Vice President, Administration and Finance (and Agency Head), visited Ethiopia this week to discuss the development of an MCC threshold program to reduce poverty and promote economic growth in partnership with the Government of Ethiopia. Ethiopia was selected by MCC’s Board of Directors as eligible for an MCC threshold program in December, 2018. MCC threshold programs focus on policy and institutional reforms that encourage economic growth. Program development typically involves 18-24 months of analysis and planning before a grant agreement is signed. Development of the program is a consultative process, engaging civil society and the private sector in Ethiopia.

Source: Ethiopian News March 01, 2019 12:56 UTC