Millennium Challenge Cooperation (MCC) has announced that Zambia and other four Countries will continue the process of developing compacts with the Millennium Challenge Cooperation (MCC) for the year 2010.
This is contained in a statement released to ZANIS by First Secretary for Press at the Zambian Embassy in the United States of America Ben Kangwa.
According to the Statement, Zambia’s Ambassador to the United States of America Dr Inonge Mbikusita Lewanika is pleased with Zambia’s continuation of the process of developing compacts in the coming year.
Dr. Lewanika said with the announcement, the MCC continues to recognize the efforts that the Zambian government is making to invest in its people through good governance, fighting Corruption, facilitating business and commitment to free markets and Education.
The announcement was made at a press briefing by the MCC New Executive officer, Daniel Johannes.
Mr. Johannes said the board of directors which includes Secretary of State Hillary Clinton reviewed the progress of its partnerships with countries like Zambia and others is to reduce poverty.
He added that the board agreed that Zambia, Malawi, Jordan, Indonesia and the Philippines are eligible to continue the process of developing compacts in fiscal year in 2010.
From mid 2006 until December, 2008 , Zambia has participated in a two year long US$22.7 billion MMC threshold program that focused on facilitating business registration , countering corruption and improving border management to help Zambia meet the eligibility criteria.
Since its inception in 2004, MCC has approved compacts totaling over US$7 billion with 91 partner countries.
ZANIS
this is very good news