The Millennium Challenge Corporation (MCC) has named Albania as eligible to receive assistance for fiscal year 2025. This decision allows MCC to enter into a Millennium Challenge Compact with Albania, which aims to reduce poverty through economic growth. Albania was selected based on its satisfactory performance in key policy areas like just governance and economic freedom, as well as its progress in fighting corruption and ongoing development challenges. The selection was part of a reconsideration prompted by the new MCC Candidate Country Reform Act.
Simple Explanation
The Millennium Challenge Corporation has chosen Albania to get help for 2025 to make life better and fight poverty by making the economy grow. This choice was made because Albania is doing a good job in areas like fair government and stopping bad behavior.