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

How this entity was disambiguated

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

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

MCC subsidiaryProgram Millennium Challenge Compacts
subject surface form: Millennium Challenge Corporation