A press release from the Gambia Government Spokesperson has stated that “following rigorous vetting, The Gambia has been selected as a beneficiary of the Compact funding phase of the US Millennium Challenge Corporation (MCC).
As a beneficiary, The Gambia is expected to receive several millions of US Dollars.
The release stated that “this encouraging development was announced by the US President, Joseph R. Biden, Jr. at the ongoing US-Africa Leaders Summit in Washington, DC”.
The MCC grant is expected to support The Gambia’s investment in major infrastructure and implementation of both policy and institutional reforms over a five-year period.
The release indicated that since its creation in 2004, the MCC has invested over $9.5 billion towards poverty reduction in Africa.
“The criteria for inclusion in the MCC programme include adherence to the principles of good governance, transparency, respect for democratic rights and the fight against corruption”.
