As of August 31, 2009, MCC terminated its Compact with Madagascar due to the military coup. MCC is working with MCA Madagascar to ensure an orderly windup of the program.
In April 2005, the Millennium Challenge Corporation signed a four-year, $110 million Compact with the Republic of Madagascar to raise incomes by assisting the rural population to transition from subsistence agriculture to a market economy. The strategic investments in three projects will help rural Malagasy secure formal property rights to land; access credit and protect savings; and receive training in agricultural production, management and marketing techniques. This integrated approach will provide the rural population with the necessary conditions to use the land productively, to build profitable businesses and help ensure environmental sustainability. On July 2008 the Compact was extended for an additional 5th year. The MCC Compact in Madagascar entered into force (EIF) in July 2005, formally initiating the 4-year (extended to 5) timeline for project implementation.
For the most up-to-date information on implementation progress, please read the Quarterly Implementation Status Report.