While it’s been known for months that the Millennium Challenge Corporation would terminate a significant number of its programs, staff were informed on Wednesday exactly which countries would see funding cut, according to an email obtained by Devex.
Administration officials told staff back in July that a number of MCC compacts — large grant agreements often worth hundreds of millions of dollars — and other smaller threshold programs had been recommended for cancellation. At an August meeting, the board considered those recommendations but did not report which programs would be cut, saying it had to wait for congressional notifications to be completed.
The email laid out the final list of terminations. MCC has been working closely with Congress and other government agencies “on the orderly closure process for certain programs,” it noted.
About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
