Millennium Challenge Corporation Chief Executive Officer Alice Albright joined President Filipe Nyusi and Minister of Economy and Finance Ernesto Max Tonela for the signing of the Mozambique Connectivity and Coastal Resilience Compact.
The MCC Board approves a $500 million grant for Mozambique and $29.1 million grant for Kiribati to support poverty reduction and economic growth in both countries.
During his remarks at the U.S. Africa Leaders Summit, United States President Jospeh R. Biden announced the MCC Board of Directors has selected The Gambia, Togo, Senegal, and Mauritania to develop new MCC grant programs.
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.
MCC CEO Sean Cairncross led a delegation to Maputo this week to discuss the development of a compact program, following Mozambique's selection by the MCC Board of Directors in December 2019.
