Tag: MCC

  • Morocco, MCC Commend Dynamic Partnership

    Morocco, MCC Commend Dynamic Partnership

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    Marrakech — The Head of Government, Aziz Akhannouch, and president of the Millennium Challenge Corporation (MCC), Alice Albright, welcomed, Wednesday in Marrakech, the dynamism of their “fruitful” partnership, especially in the light of the last phase of the “Millennium Challenge” program.

    “Morocco is positioned as an excellent partner for the Millennium Challenge Corporation, committed to investing more in the Kingdom,” said Akhannouch in a statement to the press after his talks with Albright, accompanied by the official delegation of the United States participating in the 14th edition of the U.S.-Africa Business Summit.

    The MCC delegation stressed that the United States of America has confidence in the various programs conducted in Morocco, under the enlightened leadership of His Majesty King Mohammed VI and is ready to accompany them, stressed the Head of Government, adding that the Kingdom continues to implement its various commitments relating to the Millennium Challenge Program, signed between the Government and its American counterpart represented by Millennium Challenge Corporation.

    While recalling that Morocco has received, through the two programs of the MCC, more than one billion dollars, Akhannouch welcomed the remarkable progress made in the implementation of the various projects covered by the second program aimed at enhancing the quality of human capital and improving land productivity.

    For her part, Albright welcomed the “very fruitful” and “long-standing” partnership sealed with the Government of Morocco with which, “we work in the framework of compacts”, praising the progress made in the implementation of various activities under the cooperation programs subject of “Compact II”.

    “We are about to complete Compact II, as focused on training, vocational and technical training and the development of industrial zones,” explained the U.S. official, noting that the MCC works closely with its partners in Morocco, under this program to create 28,000 jobs and benefit more than 800,000 Moroccans.

    This is an integral part of MCC’s overall efforts on the Continent, she said, recalling that since its inception in 2004, MCC has allocated $15 billion, including $9 billion to 25 countries on the Continent, including Morocco.

    The talks between the two officials, which focused on the various aspects of partnership and cooperation between Morocco and MCC, were also an opportunity to discuss ways and mechanisms to support the last phase of the program “Millennium Challenge”, which ends in March 2023.

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  • Gambia And U.S Sign U.S. Million MCC Threshold Programme

    Gambia And U.S Sign U.S.$25 Million MCC Threshold Programme

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    The government of The Gambia and the Millennium Challenge Cooperation (MCC) of the United States, on Friday graced the Entry-Into Force signing ceremony of US$25 million threshold programme designed to support the country’s electricity sub-sector focused on governance, accountability and improvement of NAWEC operations.

    The signing was presided over by the Minister for Petroleum and Energy Abdoulie Jobe and the U.S. Ambassador Sharon Cromer.

    At the event, the Minister Jobe said with commendable efforts, dedication and hard work of the Gambia government and MCC team, the threshold programme was presented to and approved by the MCC board of directors in September 2021.

    He added that the grant agreement was executed between the government of The Gambia and the MCC on 16th November 2021, noting that it was ratified by the National Assembly and assented to by H.E President Adama Barrow on 3 March 2022.

    He said the government with support from partners is investing heavily to turn the sector around towards improved financial and operational performance and also to position the country on the path of a clean energy transition by exploiting our renewable energy potentials.

    According to him, the threshold programme is expected to consolidate the advances made in the energy sector by supporting the implementation of critical institutional and policy reforms to improve power sector governance and operations of NAWEC.

    In addition, the Petroleum and Energy minister pointed out that the successful implementation of the programme would assist the country to become eligible for a Millennium Challenge Compact, which he said is the ultimate objective of the government to be able to access the necessary capital to finance crucial investments in the power sector to reduce poverty and stimulate economic growth.