MCC terminates compact with Mali

A man works on a rice field in Mali. The Millennium Challenge Corporation has terminated its compact with the country, which included the Alatona Irrigation Project and the Bamako Sénou Airport Improvement Project. Photo by: donkeycart / CC BY-NC

Mali’s $460 million compact with a U.S. foreign aid agency ends four months shy of its target completion date.

Following CEO Daniel Yohannes’ recommendations, the Millennium Challenge Corp.’s board of directors announced Friday (May 4) it will terminate its compact with Mali. The decision follows the political and security crises in the country, which Yohannes said represents a “clear departure” from the agency’s principles.

The compact, signed in 2006, included the Bamako Sénou Airport Improvement Project and the Alatona Irrigation Project. It was suspended following the March 21 coup d’état.

The compact was scheduled for completion Sept. 17, 2012. Mali, however, has a chance to reinstate the compact, pending recommendation from the agency’s CEO.

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About the author

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    Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.