Content associated with Cape Verde
First MCC-Funded Road in Africa Reaches Completion
Washington, D.C.—The government of Cape Verde, together with the Millennium Challenge Corporation (MCC), held an inauguration ceremony last Saturday, June 6, 2009, to celebrate the completion of the Orgãos-Pedra Badejo road, which is the first completed road under MCC’s compact with Cape Verde. The will positively impact Cape Verde’s economy by creating better access to markets and community services for its citizens along its path.
Washington, D.C.—The government of Cape Verde, together with the Millennium Challenge Corporation (MCC), held an inauguration ceremony last Saturday, June 6, 2009, to celebrate the completion of the Orgãos-Pedra Badejo road, which is the first completed road under MCC’s compact with Cape Verde. The will positively impact Cape Verde’s economy by creating better access to markets and community services for its citizens along its path.
Millennium Challenge Corporation Board Approves Two Compacts
Washington, D.C.—Today, the Millennium Challenge Corporation (MCC) Board of Directors approved two Millennium Challenge Compacts—one with Cape Verde and the other with Nicaragua. The over $110 million, five-year Compact with Cape Verde focuses on increasing rural incomes of the poor, by increasing agricultural productivity, integrating internal markets and reducing transportation costs, and developing the private sector through mobilization of private sector investment and financial sector reform. The $175 million five-year Compact with Nicaragua aims to increase investment by strengthening property rights, reduce transportation costs to improve access to markets, and increase income for farms and rural businesses in a poor region that is one of the country's likely engines for economic growth.
Washington, D.C.—Today, the Millennium Challenge Corporation (MCC) Board of Directors approved two Millennium Challenge Compacts—one with Cape Verde and the other with Nicaragua. The over $110 million, five-year Compact with Cape Verde focuses on increasing rural incomes of the poor, by increasing agricultural productivity, integrating internal markets and reducing transportation costs, and developing the private sector through mobilization of private sector investment and financial sector reform. The $175 million five-year Compact with Nicaragua aims to increase investment by strengthening property rights, reduce transportation costs to improve access to markets, and increase income for farms and rural businesses in a poor region that is one of the country's likely engines for economic growth.
Daniel W. Yohannes
Chief Executive Officer
Chief Executive Officer
Cassandra Q. Butts
Senior Advisor
Senior Advisor
Steven M. Kaufmann
Chief of Staff
Chief of Staff
T. Charles Cooper
Vice President, Department of Congressional and Public Affairs
Vice President, Department of Congressional and Public Affairs
