Notice of Entering Into a Compact With the Republic of Liberia

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Millennium Challenge Corporation [MCC FR 15-04] AGENCY: Millennium Challenge Corporation. ACTION: Notice. SUMMARY: In accordance with Section 610(b)(2) of the Millennium Challenge Act of 2003 ( 22 U.S.C. 7701-7718 ) as amended (the Act), and the heading “Millennium Challenge Corporation” of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2015, the Millennium Challenge Corporation (MCC) is publishing a summary of the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation, and the Republic of Liberia. Representatives of the United States Government and Liberia executed the Compact documents on October 2, 2015. The complete text of the Compact has been posted at https://assets.mcc.gov/​documents/​compact-liberia.pdf . Dated: October 7, 2015. Maame Ewusi-Mensah Frimpong, Vice President and General Counsel, Millennium Challenge Corporation. Summary of Millennium Challenge Compact With the Republic of Liberia Overview MCC has signed a five-year, nearly $257 million Compact with the Republic of Liberia aimed at reducing poverty and accelerating economic growth. The Compact seeks to address two binding constraints to economic growth in Liberia: Lack of access to reliable and affordable electricity, and inadequate road infrastructure. Program Overview and Budget Liberia first became compact eligible in fiscal year (“FY”) 2013, but failed the scoreca…