MCC Concludes Honduras Compact

Millennium Challenge Corp. Resident Country Director receives an award given by four Honduran mayor in recognition of MCC’s work and support to their localities. MCC’s funding allowed for the paving of the Comayagua-Ajuterique-Lejamaní-La Paz road. Photo by: Millennium Challenge Corp. / CC BY-ND Millennium Challenge Corp.CC BY-ND

The Millennium Challenge Corp. has completed on Sept. 17 its USD205 million compact with Honduras.

The compact was signed in June 2005 and targeted agricultural improvements including providing farmers with training and access to credit and building farm-to-market roads, as well as repairing Honduras’ primary national highway.

MCC’s investment in Honduras is seen to benefit more than 1.7 million people and raise incomes by USD240 million in the next two decades.

“What our partnership has achieved is extremely impressive. These results are a remarkable base, which, I am convinced, Honduras will continue to leverage for even greater poverty reduction and economic growth in the future,” said MCC chief Daniel Yohannes on Sept. 17 in Tegucigalpa, Honduras.

The compact with the Central American country was the first to be completed by MCC.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.