Millennium Challenge Corporation
The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty. Created by the U.S. Congress in January 2004 with strong bipartisan support, MCC is delivering U.S. foreign assistance by focusing on good policies, country ownership, and results. MCC forms partnerships with some of the world’s poorest countries, but only those committed to good governance, economic freedom, and investments in their citizens, as measured by the MCC Country Scorecard. MCC provides these well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth. To date, MCC has approved over $8.4 billion in compact and threshold programs worldwide.
On September 23, 2010 MCC signed a five-year, $434 million compact with the Government of the Republic of the Philippines focused on reducing poverty and promoting economic growth through the following projects:
Revenue Administration Reform Project: Raise tax revenues and reduce tax evasion and revenue agent-related corruption by increasing the efficiency and sustainability of revenue collection by the Bureau of Internal Revenue.
KALAHI-CIDSS: Enhance community-level infrastructure and social services and strengthen the capacity of local communities to identify, prioritize, design, and implement development projects focused on improving the lives of the poor.
Secondary National Roads Development Project: Reduce transportation costs through the rehabilitation of an existing 220 kilometer road segment on Samar Island. This Project will bring about savings in vehicle operating costs and time for both passengers and goods, and increase commerce in and between the provinces of Samar and Eastern Samar.
A fact sheet of the Compact is available here (PDF 221 KB).
Compact implementation is managed by a Philippine accountable entity called Millennium Challenge Account – Philippines (MCA-P) which includes strict financial and procurement controls.
MCC is represented by a resident country mission who is responsible for ensuring the efficient and transparent implementation of the Compact.
Matthew L. Bohn, Resident Country Director John Polk, Deputy Resident Country Director Cheryl Orata-Idjao, Development Assistance Specialist Corazon Minon, Program Management Assistant
6th Floor, Department of Finance Building Bangko Sentral ng Pilipinas Complex Roxas Boulevard, Manila
Tel: (632) 525-0380 Fax: (632) 525-0380