Following his testimony before the U.S. Congress, Millennium Challenge Corp. CEO Daniel W. Yohannes said in his blog that he looks forward to working with lawmakers in finding innovative ways to finance MCC projects such as through concurrent and longer compacts.
Concurrent compacts, he said in his April 14 testimony, will enable MCC to enter into separate agreements with one country depending on the specific timing requisites of each project, instead of the current multi-project packages with a single duration. The proposed longer compacts will involve an extension of two more years to the usual five-year period.
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