Notice of Entering Into a Compact With the State of Belize

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 24-05] AGENCY: Millennium Challenge Corporation. ACTION: Notice. SUMMARY: In accordance with the provisions of the Millennium Challenge Act of 2003, as amended, the Millennium Challenge Corporation (MCC) is publishing a summary of the Millennium Challenge Compact (Compact) between the United States of America and the State of Belize. Representatives of the United States of America and the State of Belize executed the Compact on September 4, 2024. The complete text of the Compact has been posted at: https://www.mcc.gov/​resources/​doc/​compact-belize/​ . (Authority: 22 U.S.C. 7709 (b)(3)) Dated: September 9, 2024. Peter E. Jaffe, Vice President, General Counsel, and Corporate Secretary. Summary of Belize Compact Overview of MCC Belize Compact MCC has signed a five-year, $125 million compact with the government of Belize aimed at reducing poverty through economic growth. The Compact seeks to assist Belize in addressing two binding constraints to economic growth—low quality of education and high cost of electricity. The Compact will address these constraints through two primary projects—the Education Project and the Energy Project. Background and Context Belize is a small, diverse, coastal nation with a population of 397,483 (2022). As a stable democracy located at the crossroads of the Caribbean and Central America, Belize maintains strong commercial and educational ties to the Caribbean and has increa…