• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Sustainability of MCC’s First Two Finished Compacts Uncertain – GAO

    By Che de los Reyes // 26 July 2011
    A truck unloads boulders and rocks as part of the construction works for the upgrading of Port of Praia in Cape Verde in 2008, which was funded by the Millennium Challenge Corp. Photo by: MCC / CC BY-ND

    The sustainability of the first two concluded compacts of the Millennium Challenge Corp. is uncertain, even as certain targets were revised, according to a new report of the Government Accountability Office.

    GAO found key challenges in MCC projects in Cape Verde and Honduras, whose five-year implementation period ended in 2010, particularly in planning and maintaining infrastructure projects.

    For instance, GAO revealed that the upgrading and expansion of a major port in Cape Verde, which represents about half of the country’s $110.1 million compact, faced increased cost due to inaccurate planning assumptions.

    In Honduras, meanwhile, MCC was able to construct only about half of the planned highway and all re-scoped secondary roads by the end of its $205 million compact.

    GAO also reported a delay in MCC’s impact evaluations for the two compacts, and that the updated economic rate of return analyses of the largest compact projects have not been well-documented or linked to revised targets.

    GAO recommended that MCC work with partner countries to make project planning, design and construction decisions that reduce long-term maintenance needs and costs, ensure updated ERR analyses are well-documented and consistent with revised targets and develop guidance for updating economic analyses upon compact completion.

    MCC agreed with GAO’s recommendations, saying that the report “will serve as an important learning tool for management as we continue to improve the investment of taxpayer dollars.”

    >> Read more MCC news

    • Infrastructure
    • Funding
    • Institutional Development
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Che de los Reyes

      Che de los Reyes

      As a senior staff writer, Che focuses on international development breaking news coverage as well as interviews and features. Prior to joining Devex, Che handled communications for local and international development NGOs and government institutions in the Philippines.

    Search for articles

    Related Jobs

    • Associate Asset Management Officer
      Mandaluyong, Metropolitan Manila, Philippines | Metropolitan Manila, Philippines | Philippines | East Asia and Pacific
    • Real Estate Management Analyst
      Mandaluyong, Metropolitan Manila, Philippines | Metropolitan Manila, Philippines | Philippines | East Asia and Pacific
    • Manager, Regenerative Agriculture
      The Rockefeller Foundation
      New York City, New York, United States | New York, United States | United States | North America
    • See more

    Most Read

    • 1
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 2
      FCDO's top development contractors in 2024/25
    • 3
      Strengthening health systems by measuring what really matters
    • 4
      How AI-powered citizen science can be a catalyst for the SDGs
    • 5
      Opinion: India’s bold leadership in turning the tide for TB

    Trending

    Financing for Development Conference

    The Trump Effect

    Newsletters

    Related Stories

    Funding insightsInside MCC’s $292 million contracts for 2025

    Inside MCC’s $292 million contracts for 2025

    The future of US aidMCC shutdown would risk global trust, cede ground to China, experts warn

    MCC shutdown would risk global trust, cede ground to China, experts warn

    Devex Money MattersMoney Matters: What’s MCC going to fund this year?

    Money Matters: What’s MCC going to fund this year?

    Devex InvestedDevex Invested: US DFC could face radically different future under Trump

    Devex Invested: US DFC could face radically different future under Trump

    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement