Madagascar: Lessons Learned from MCC’s First Compact

 

06/02/2010

In April 2005, the Millennium Challenge Corporation (MCC) signed a $110 million compact with the Republic of Madagascar to raise incomes by assisting the rural population transition from subsistence agriculture to a market economy. Strategic investments in three projects have helped 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 aimed to provide the rural population with the necessary conditions to use the land productively and to build profitable businesses.