Millennium Challenge Compacts
E879717
Millennium Challenge Compacts are multi-year, grant-based agreements through which the U.S. Millennium Challenge Corporation partners with eligible countries to fund large-scale projects aimed at reducing poverty and promoting sustainable economic growth.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Millennium Challenge Compacts canonical | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
development assistance instrument
ⓘ
foreign aid agreement ⓘ |
| accountabilityMechanism |
independent evaluations
ⓘ
public reporting of results ⓘ |
| administeredBy | Millennium Challenge Corporation NERFINISHED ⓘ |
| approach |
country ownership
ⓘ
evidence-based decision making ⓘ performance-based aid ⓘ |
| associatedWith | Millennium Challenge Account NERFINISHED ⓘ |
| beneficiary |
low-income countries
ⓘ
lower-middle-income countries ⓘ |
| componentOf | U.S. foreign assistance architecture ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| distinctFrom |
Millennium Challenge Threshold Programs
NERFINISHED
ⓘ
traditional USAID project assistance ⓘ |
| durationType | multi-year agreement ⓘ |
| eligibilityCriteria |
economic freedom
ⓘ
good governance ⓘ investment in people ⓘ policy performance ⓘ |
| evaluationMethod | cost-benefit analysis ⓘ |
| feature |
ex-ante economic analysis of projects
ⓘ
fixed implementation period ⓘ focus on constraints to economic growth ⓘ large-scale project funding ⓘ |
| fundingSource | U.S. federal budget ⓘ |
| fundingType | grant ⓘ |
| governedBy | Millennium Challenge Corporation Act of 2003 NERFINISHED ⓘ |
| implementationModel |
country-led
ⓘ
results-based ⓘ |
| legalForm | bilateral agreement ⓘ |
| partnerType | eligible countries ⓘ |
| purpose |
promote sustainable economic growth
ⓘ
reduce poverty ⓘ |
| requires |
country-owned compact development process
ⓘ
measurable performance indicators ⓘ monitoring and evaluation framework ⓘ |
| riskManagement | suspension or termination for non-performance ⓘ |
| sectorFocus |
agriculture
ⓘ
education ⓘ energy ⓘ health-related projects ⓘ infrastructure ⓘ land tenure and property rights ⓘ transportation ⓘ water and sanitation ⓘ |
| timeHorizon | typically five years ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Millennium Challenge Corporation