The United States and Uganda today signed a $10.4 million Millennium Challenge Corporation Threshold agreement aimed at reducing corruption. The nearly three-year program tackles corruption by improving public procurement, improving audit and financial management practices, strengthening the role of civil society, and building capacity to facilitate more effective follow-up of reported malpractice.
The United States Agency for International Development will oversee implementation of the Threshold program on behalf of MCC.
MCCs Threshold Program is designed to assist countries that are on the threshold of Millennium Challenge Account eligibility for larger grant assistance called Compacts. Threshold Program assistance is used to help a country address the specific policy weaknesses indicated by its scores on the policy measurements that are central to eligibility for a Compact.
Millennium Challenge Corporation (MCC), a United States Government corporation designed to work with some of the poorest countries in the world, is based on the principle that aid is most effective when it reinforces good governance, economic freedom, and investments in people that promote economic growth and elimination of extreme poverty.