Malawi optimistic will regain MCC compact

Malawi is considering rolling out a reform program in hopes of winning back a suspended $350 million compact with the U.S. Millennium Challenge Corp.

Goodall Gondwe, Malawi’s natural resources minister, has expressed confidence his country “will get these funds,” the Maravi Post says.

MCC suspended the compact on March 22, citing Malawi’s failure to comply with the agency’s standard on good governance. MCC deputy vice president has said “it will take a number of actions to reinstate” the program.

Malawi has until June to address MCC’s concerns before the agency permanently cancels the agreement, the Maravi Post notes.

Read more development aid news 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.

About the author

  • Ivy mungcal 400x400

    Ivy Mungcal

    As senior staff writer, Ivy Mungcal contributes to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.