Millennium Challenge Compacts

E879717

Millennium Challenge Compacts are multi-year, grant-based agreements through which the U.S. Millennium Challenge Corporation partners with eligible countries to fund large-scale projects aimed at reducing poverty and promoting sustainable economic growth.

All labels observed (3)

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Statements (47)

Predicate Object
instanceOf development assistance instrument
foreign aid agreement
accountabilityMechanism independent evaluations
public reporting of results
administeredBy Millennium Challenge Corporation
approach country ownership
evidence-based decision making
performance-based aid
associatedWith Millennium Challenge Account
beneficiary low-income countries
lower-middle-income countries
componentOf U.S. foreign assistance architecture
countryOfOrigin United States
distinctFrom Millennium Challenge Threshold Programs
traditional USAID project assistance
durationType multi-year agreement
eligibilityCriteria economic freedom
good governance
investment in people
policy performance
evaluationMethod cost-benefit analysis
feature ex-ante economic analysis of projects
fixed implementation period
focus on constraints to economic growth
large-scale project funding
fundingSource U.S. federal budget
fundingType grant
governedBy Millennium Challenge Corporation Act of 2003
implementationModel country-led
results-based
legalForm bilateral agreement
partnerType eligible countries
purpose promote sustainable economic growth
reduce poverty
requires country-owned compact development process
measurable performance indicators
monitoring and evaluation framework
riskManagement suspension or termination for non-performance
sectorFocus agriculture
education
energy
health-related projects
infrastructure
land tenure and property rights
transportation
water and sanitation
timeHorizon typically five years

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Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Millennium Challenge Corporation subsidiaryProgram Millennium Challenge Compacts
subject linked to: MCC
United States foreign assistance architecture includesProgram Millennium Challenge Compacts
United States foreign assistance architecture includesProgram Millennium Challenge Threshold Programs
linked to: Millennium Challenge Compacts
Threshold Programs relatedTo Millennium Challenge Corporation compacts
linked to: Millennium Challenge Compacts