Audit of the Millennium Challenge Corporation?s Funding of Activities in Tanzania
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2011
Abstract:
In February 2008, the Millennium Challenge Corporation (MCC) signed a 5-year, $698 million compact with Tanzania aimed at reducing poverty and stimulating economic growth through investments in the transportation, energy, and water sectors. The compact included $373 million primarily for road improvements, $206 million to improve the reliability and quality of electric power and extend electricity service to unserved communities, and $66 million to increase the availability of potable water, plus funding for administration of the compact. The compact entered into force in September 2008 and will conclude in September 2013. Execution of the compact takes place through the Millennium Challenge Account-Tanzania (MCA-T), the host government entity charged with implementing the terms of compact. As of June 2010, MCA-T had committed $281 million for the Tanzania compact.
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