MCC Selects Tunisia for new compacts; recognizes Tunisian commitment to good governance, investments in its people, and economic freedom.
Tunisia-specific selections from MCC announcement:
WASHINGTON, D.C., Dec. 14 —
At its quarterly meeting on December 13, 2016, the Millennium Challenge Corporation (MCC) Board of Directors selected Burkina Faso, Sri Lanka and Tunisia for new MCC compacts – five-year grants – to encourage economic growth and reduce poverty. For a country to be selected as eligible for MCC assistance, it must demonstrate a commitment to just and democratic governance, investments in its people, and economic freedom, as measured by third-party policy indicators on MCC’s annual scorecard.
“By partnering with developing countries that meet rigorous standards for good governance, from fighting corruption to respecting the rights of women and the rule of law, we are maximizing our ability to fight poverty and transform people’s lives,” MCC Chief Executive Officer Dana J. Hyde said. “We are pleased to announce the selection of Burkina Faso, Sri Lanka, and Tunisia for new compact partnerships to advance widespread economic growth for the people and communities in these countries.”
Tunisia is a new compact partner for MCC. The Board noted Tunisia’s strong scorecard performance and the opportunity to work with the country as it consolidates its recent democratic gains, takes on a significant policy reform agenda, and combats poverty and inequality challenges.
Find out more about MCC’s selection process on our Who We Fund web page.
The Millennium Challenge Corporation is an independent U.S. Government agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants and assistance to poor countries that meet rigorous standards for good governance, from fighting corruption to respecting democratic rights. Learn more about MCC at www.mcc.gov.