US Agency Elects Ethiopia for Grants

December 19 , 2018

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The United States government’s Millennium Challenge Corporation, an agency that gives time-limited grants and assistance to developing countries, has chosen Ethiopia as one of the eligible countries. The agency, which works to reduce global poverty, selected Ethiopia for assistance that is designed to spur economic growth during its quarterly meeting on December 12 2018. The board of the Corporation also selected Indonesia, Malawi and Kosovo for bilateral compacts for five-year grant programs, while it selected Ethiopia and the Solomon Islands for MCC threshold programs – the Corporation’s smaller grant program focused on policy and institutional reform. “I am pleased to announce new MCC compact partnerships with Indonesia, Malawi, and Kosovo, and new threshold partnerships with Ethiopia and Solomon Islands,” MCC Chief Operating Officer and Head of Agency Jonathan Nash said. “The Board also directed MCC to explore regional investment opportunities in five of its current compact partners in West Africa.” The Board selected Ethiopia in recognition of the recent reforms made by the Government of Ethiopia, according to the Corporation. Founded in 2004, the Corporation provides support that meets rigorous standards for good governance, from fighting corruption to respecting democratic rights.