Saturday, December 13, 2014

Millennium Challenge Corporation Grants Morocco a Second Compact

On Wednesday, Thomas Kelly, Acting Vice President for Policy and Evaluation at the Millennium Challenge Corporation (MCC), congratulated Morocco for being eligible to develop second compact proposals.

“We congratulate Morocco on being re-selected to continue compact development”, Thomas Kelly said in a statement to the Moroccan Press Agency (MAP).

This decision was confirmed by a statement of the Board of Directors of the MCC in Washington after the members of the Council voted to grant the second compact to Morocco

Thomas Kelly, who is in charge of strategies and assessments, underlined that "Morocco, during the past year, worked diligently to consolidate its performance on the eligibility criteria. The Kingdom should continue its efforts to further enhance its performance."

The continuation of the program is seen as being due to the success of the first MCA-Morocco program, which was seen as exploring new levels of cooperation between Morocco and the United States.

The first compact, worth $697.5 million was overseen by the US Congress, after being signed between the Kingdom and the Millennium Challenge Corporation on August 31, 2007 in Tetouan at a meeting chaired His Majesty King Mohammed VI.

The program, whose execution was entrusted to the Agency Partnership for Progress (APP), a Moroccan public body, set itself the goal of reducing poverty through growth Economic, improving incomes, increased productivity and job creation in  targeted areas.

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