Phase IV: Compact Negotiation and Signing
As of March 2013
Once MCC has completed project appraisal and MCC’s senior management has approved a compact program, MCC will notify the U.S. Congress of its intent to negotiate a compact agreement. After the 15 day notification period has expired, MCC may enter into negotiations with the country on the compact agreement.Â The finalized compact agreement will be presented to the MCC Board for approval. After Board approval, MCC will send a Congressional Notification to inform the U.S. Congress of MCC’s intent to sign a compact.Â Following the expiration of the 15 day notification period, the compact can be signed by MCC and the country.