MCC’s fiscal year 2022 budget proposal will support its mission to reduce poverty through economic growth, including responding to opportunities in countries in the strategic areas of climate, inclusion and gender, and catalyzing private sector investment.
Fully funding the FY 2022 request will help to support compacts anticipated to be signed in FY 2022 or early FY 2023, including Kosovo, Malawi, and Timor-Leste along with two concurrent compact programs for regional integration.
MCC threshold programs seek to incentivize improved performance on MCC’s eligibility criteria and to support positive policy and institutional reforms to address binding constraints to economic growth in selected candidate countries.
Compact Development and Oversight
Compact development and oversight are composed of both Compact Development Funding and Due Diligence funding. These funds support pre-compact planning and assessment, oversight activities during implementation, and post-compact evaluations.
The majority of the administrative budget covers MCC’s people, i.e., human capital, enabling the agency to successfully carry out its mission to reduce poverty through economic growth.
Office of the Inspector General
The USAID Office of Inspector General conducts financial and performance audits and reviews for MCC annually.
Appendix: Annual Performance Report
The appendix is a set of supplemental data and supporting materials used to produce the MCC budget justification, including MCC’s current portfolio listing, closed compacts results and modifications, sector results, beneficiary estimates, and corporate goals.