Date: 11/12/2009 CAPE VERDE SELECTED FOR FURTHER GRANTS FROM THE MILLENIUM CHALLENGE PROGRAMME.
The US’s Millennium Challenge Corporation (MCC) Board of Directors has reviewed the progress of its partnerships, and agreed to select Cape Verde as eligible to develop a proposal for a second compact grant.
“I was proud to participate in my first MCC Board meeting today with Secretary Clinton and the other distinguished directors. We took the opportunity to review the status of MCC’s compacts, review the policy performance of our partner countries, and reaffirm the US Government’s commitment to finding lasting and innovative solutions to global poverty,” said MCC new CEO Daniel W. Yohannes.
“Cape Verde is the first MCC partner country to be selected as eligible for a second compact,” Mr Yohannes said. “Cape Verde illustrates many of the characteristics of a strong partner and has consistently displayed good economic and political governance. We look forward to building on the successes of Cape Verde’s current efforts to combat poverty,” he added.
This is extremely good news for Cape Verde and solidifies the status of 'An African success story'.