Press Release

MCC Assistance to Yemen

For Immediate Release

October 26, 2007

On September 12, 2007, the MCC Board of Directors voted to approve a $20.6 million grant to the Republic of Yemen to help that country fight corruption and improve performance on MCC’s indicators that measure the rule of law, political rights and fiscal policy.

Originally scheduled to be signed October 31st, MCC’s CEO, John Danilovich, has decided to postpone awarding assistance to Yemen and are currently undertaking a review to determine the country’s future status with MCC.