The United States of America, acting through the Millennium Challenge Corporation (“MCC”), and Sierra Leone (the “Government”) signed a Threshold Program Grant Agreement (the “Agreement”) pursuant to which MCC agreed to provide a grant of up to US$ 44,400,000 to the Government for a Sierra Leone Threshold Program to reduce poverty through economic growth in Sierra Leone.

The MCC is a US foreign aid agency that is helping countries fight widespread poverty through economic growth. The MCC assesses over two hundred countries annually that are either LICs or LMICs on a competitive basis. To be selected, a country must pass a minimum of ten out of twenty governance related indicators including those of “political rights” and “control of corruption”.