Malawi optimistic will regain MCC compactBy Ivy Mungcal28 March 2012
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.
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