Selection initiates a multi-year partnership dedicated to pursuing economic growth and poverty reduction through the development and implementation of a compact. MCC monitors the policy performance of compact eligible countries throughout the year. Once a country is selected, MCC expects it to maintain or improve its performance on the indicators, as well as its commitment to good governance more broadly.
The Millennium Challenge Act does not require MCC to determine a country with a current compact as eligible annually, but compact-eligible countries that have not yet signed a compact are reselected each fiscal year during the time it takes to develop their compact.
A country remains eligible for MCC funds unless the Board suspends or terminates the country from eligibility.