• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Cape Verde secures $66.2M MCC compact

    By Aimee Rae Ocampo // 13 February 2012

    After the success of its first compact with Cape Verde, the Millennium Challenge Corp. signed on Friday (Feb. 10) a second five-year agreement with the island country.

    The $66.2 million compact covers two poverty-reduction projects. The first is a $41.1m water, sanitation and hygiene project with three activities:

    • National institutional and regulatory reform: The activity aims to improve planning systems and regulatory processes, and strengthen sustainable practices. Technical assistance will be provided.

    • Utility reform: Various utility departments will be restructured into independent companies.

    • Infrastructure grant: Grants will be given to finance improvements in WASH infrastructure.

    The second is a $17.3M land management for investment project where necessary legal reform will be supported to create a common, more efficient system for land-related transactions and land administration.

    Program administration costs are included in the compact as well.

    Read more:

    • MCC OKs new Cape Verde program, names countries eligible for compacts

    • MCC announces new indicators, new funding for Tunisia and Indonesia

    • MCC eyeing subsequent compacts with previous partners

    • Yohannes ‘impressed’ with Cape Verde

    Read more on U.S. aid reform online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders – emailed to you FREE every business day.

    • Funding
    • Infrastructure
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Aimee Rae Ocampo

      Aimee Rae Ocampo

      As former Devex editor for business insight, Aimee created and managed multimedia content and cutting-edge analysis for executives in international development.

    Search for articles

    Related Stories

    Funding insightsMCC in numbers: The grants, countries, and programs at stake

    MCC in numbers: The grants, countries, and programs at stake

    The future of US aidMCC shutdown would risk global trust, cede ground to China, experts warn

    MCC shutdown would risk global trust, cede ground to China, experts warn

    Funding insightsInside MCC’s $292 million contracts for 2025

    Inside MCC’s $292 million contracts for 2025

    Devex InvestedDevex Invested: Can the US Millennium Challenge Corporation dodge DOGE?

    Devex Invested: Can the US Millennium Challenge Corporation dodge DOGE?

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 3
      Opinion: India’s bold leadership in turning the tide for TB
    • 4
      How AI-powered citizen science can be a catalyst for the SDGs
    • 5
      WHO names new directors in ongoing restructure
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement