US government selects Gambia for MCC grant
The Gambia has been selected for the Millennium Challenge Corporation grant.
According to a release from the US Embassy in Banjul, the Gambia is among four African countries selected to forge new partnerships with the US government to develop new grant programs to boost economic development, among other things,
‘’During its annual “selection” meeting held last week, MCC’s Board — which is chaired by the U.S. Secretary of State Antony Blinken — selected The Gambia and Togo as eligible to develop compacts, MCC’s five-year grant program that focuses on large-scale infrastructure investments and address policy and institutional reforms,” the release stated.
“Today’s announcement is symbolic of both the United States’ enduring commitment to Africa and MCC’s dedication to creating a stronger, more resilient global community,” said MCC’s Chief Executive Officer Alice Albright.
“Our Board’s selection of these countries affirms each country’s aspiration or commitment to democratic principles as well as their intentions to make the investments and institutional changes necessary to build a more prosperous future for their communities.
“The MCC Board’s decision comes at a critical time, and we look forward to working together with each country to develop a program that will address the most pressing challenges facing their economies.”
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 countries that meet rigorous standards for good governance, fighting corruption and respecting democratic rights.