Fiscal Year 2009: Fiscal Year 2009: : MCC has approved over $7.4 billion in compact and threshold programs worldwide that support country-determined projects in such sectors as agriculture and irrigation transportation (roads, bridges, ports); water supply and sanitation; access to health; finance and enterprise development; anti-corruption initiatives; land rights and access and access to education. The aggressive implementation of compacts and threshold programs is promoting growth opportunities, opening markets, raising the standard of living, and creating a more prosperous future for some of the world s poorest people. MCC is a prime example of smart U.S. Government assistance in action, benefiting both developing countries and U.S. taxpayers through competitive selection; country-led solutions; and country-led implementation. Fiscal Year 2010: No current data available. Fiscal Year 2011: No current data available.
Uses and Use Restrictions
Funds are authorized through grants and cooperative agreements, primarily with non-governmental organizations and educational institutions, to carry out activities in some of the world s poorest countries, but only those committed to good governance; economic freedom, and investments in their citizens.
MCC provides these well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth.
MCC grants complement other U. S. and international development programs.
Eligibility Requirements
Applicant Eligibility
Compacts are large, 5-year grants for countries that pass MCC s eligibility criteria.
Threshold programs are smaller grants awarded to countries that come close to passing these criteria and are firmly committed to improving their policy performance.
Beneficiary Eligibility
Beneficiaries are foreign governments, foreign public or private institutions or organizations, or foreign individuals who are eligible for MCC Compact or Threshold programs.
Credentials/Documentation
No Credentials or documentation are required. This program is excluded from coverage under OMB Circular No. A-87.
Aplication and Award Process
Preapplication Coordination
Preapplication coordination is not applicable.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
12372.
Application Procedures
This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110.
Award Procedures
Competitive.
Deadlines
Contact the headquarters or regional office, as appropriate, for application deadlines.
Authorization
Millennium Challenge Act of 2003, 22 U.S.C. 7701 et seq.
Range of Approval/Disapproval Time
Other - Not Specified.
Appeals
Not Applicable.
Renewals
Not Applicable.
Assistance Considerations
Formula and Matching Requirements
Statutory formulas are not applicable to this program.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
5 years. See the following for information on how assistance is awarded/released: contact agency for information. See the following for information on how assistance is awarded/released: See the following for information on how assistance is awarded/released: contact agency for information.
Post Assistance Requirements
Reports
Not Applicable.
Audits
No audits are required for this program.
Records
see audits.
Financial Information
Account Identification
95-2750-0-1-151.
Obigations
(Project Grants) FY 09 $7,400,000; FY 10 est not reported.; FY 11 est not reported.
Range and Average of Financial Assistance
No data available.
Regulations, Guidelines, and Literature
Not Applicable.
Information Contacts
Regional or Local Office
See Regional Agency Offices. See Regional Agency Offices.
Headquarters Office
James R. Blades, Millennium Challenge Corporation, Contracts and Grants Management Division, 875 15th Street, NW, Washington, District of Columbia 20005 Email: bladesjr@mcc.gov Phone: (202) 521-3600.
Criteria for Selecting Proposals
Not Applicable.
For 2014, the Schwab Foundation for Social Entrepreneurship has recognized 37 individuals for their outstanding work in the field of social enterprise.