MCC Restructures Mongolia Compact, Suspends Niger Program

The Millennium Challenge Corp. is restructuring Mongolia's USD284.9 million compact with the inclusion of new funding for energy and environment projects as well as highway rehabilitation. MCC approved additional funds of USD47.2 million in support of Mongolia's energy efficiency initiatives and USD79.7 million to help the Asian country repair a major highway and bridge in the capital city of Ulaanbaatar.

Meanwhile, MCC suspended its USD23 million grant to Niger. The program was suspended following several actions by Niger's government, including a significant reversal of policy from the time the grant was awarded to the African country.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed 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.