It’s been a tumultuous year for the Millennium Challenge Corporation, but in recent months the agency has begun to stabilize — and to sketch a path forward.
That recalibration is reflected in the Dec. 10 board board decision to select new countries eligible for MCC funds. At that meeting, Ecuador was selected as eligible to develop a compact — the large-scale grant agreements that make up the bulk of the agency’s work.
Bolivia and Guatemala were selected to develop threshold programs, smaller grants that support policy and institutional reforms and often lead to bigger programs.