The Senate Committee on Foreign Relations today passed the M-CORE Act (S. 1605), which would provide the U.S. Government’s Millennium Challenge Corporation with authority to pursue regional compact agreements.
At its quarterly meeting on June 20, MCC's Board of Directors voted to approve the first-ever compact with the country of Niger. The $437 million compact will strengthen Niger's agricultural sector by improving water availability, roads and market access.
MCC CEO Dana J. Hyde and MCC Board Member Ambassador Mark Green will visit the Philippines to celebrate the end of MCC's five-year, $434 million Philippines Compact.
The $450 million MCC compact seeks to overcome constraints to economic growth and investment in Morocco by investing in high-quality education and land productivity.
