Honduras Compact
Honduras Compact
as of September 30, 2011
- Total Grant Value:
$205,000,000 - Total Amount Committed:
$203,927,846 (99%) - Total Amount Expended:
$203,935,430 (99%)
Expenditures are the sum of cash outlays and quarterly accruals for work completed but not yet paid or invoiced.
| Project | Estimated Beneficiaries | Estimated Benefits |
|---|---|---|
| Rural Development Project | 357,401 | $53,000,000.00 |
| Transportation Project | 1,347,300 | $185,000,000.00 |
The above estimates are based in the best, currently available, information and may be updated if new, reliable, data are available.
The total beneficiary count for the Compact may not be the sum of the different project beneficiary counts because of overlaps between Projects. In other words, some beneficiaries benefit from more than one project but are counted only once in the total beneficiary count.
Total benefits expected from each project are obtained from the ERR analysis MCC conducts during due diligence. Beneficiary counts, although consistent with benefit streams identified in the economic analysis, are not necessarily derived from these models (which are concerned with costs and benefits rather than beneficiaries). MCC estimates and reports expected beneficiaries when sufficiently reliable data exists to support the estimation. If such evidence is lacking, no estimation is attempted, resulting in an underestimation of projected beneficiaries for the Compact. Calculating the amount of benefit per beneficiary would therefore give an overestimation and can be misleading.
| Project | Objective |
|---|---|
| Rural Development Project | Increase the productivity of farmers who operate small and medium farms and their employees through:
|
| Transportation Project | Reduce transportation costs between targeted production centers and national, regional, and global markets by:
|
Projected Results by End of Compact
The Honduras Compact aims to achieve the results below by the completion of the Compact in September 2010:
- Increase the incomes of beneficiaries by $80 million;
- Engage 7,340 farmers in the production of high-value horticulture crops, and
- 11,830 hectares yielding high-value crops plus 203 additional hectares under irrigation.
Results to Date
Information on results to date is available in the Table of Key Performance Indicators (a subset of the full set monitored under the Honduras Monitoring and Evaluation Plan). The full set of performance indicators is detailed in the Monitoring and Evaluation Plan.
Impact Evaluation Framework
In addition to careful monitoring of implementation performance and measurement of preliminary results, two independent evaluations are underway, which will assess what would have happened in the absence of the MCC investments and measure the gains in incomes that can be attributed specifically to MCC-funded activities. Read more about the evaluations of the Farmer Training and Development and Road Rehabilitation activities.