MCC and USAID announced today they will work together to expand the use of green financing in low- and lower-middle income countries through the Joint Green Finance Pilot Program.
The water recycling plant will help enhance Mongolia’s climate resilience and ensure a safe and sustainable supply of water to households and businesses by freeing up 15 million cubic meters of fresh water per year.
Secretary of State and Chairman of the Board of the Millennium Challenge Corporation (MCC) Michael R. Pompeo and Mongolian Prime Minister Ukhnaa Khurelsukh today signed a Joint Declaration recognizing the new $350 million MCC Water Compact with Mongolia.
MCC’s Fatema Sumar visited Mongolia this week to meet with Prime Minister Ukhnaagiin Khurelsukh and other government officials to advance the development of the proposed compact program with Mongolia.
At its quarterly meeting on December 13, 2016, the Millennium Challenge Corporation (MCC) Board of Directors selected Burkina Faso, Sri Lanka and Tunisia for new MCC compacts – five-year grants – to encourage economic growth and reduce poverty.
