Mozambique: MCC Board Approves Aid of 500 Million Dollars for MozambiqueMaputo — The Board of Directors of the US government's Millennium Chal...

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Mozambique: MCC Board Approves Aid of 500 Million Dollars for MozambiqueMaputo — The Board of Directors of the US government's Millennium Chal...
Mozambique: MCC Board Approves Aid of 500 Million Dollars for Mozambique
Maputo — The Board of Directors of the US government's Millennium Challenge Corporation (MCC) on Wednesday approved a programme of 500 million dollars of aid for Mozambique.

The aid packages from the MCC are known as compacts, and this one is called the Mozambique Connectivity and Coastal Resilience Compact.

Cited in an MCC press release, the MCC executive director, Alice Albright, said that the Board's approval of the compact reaffirms the commitment of the MCC "to directly tackle economic growth constraints through innovative solutions'.

"In Mozambique, we're implementing MCC's most climate-forward compact- a combination of resilient transport infrastructure, green and blue economy opportunities, and policy and institutional reforms to enable more effective and long-term growth.', said Albright.

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