Type:Notice
Citation:89 FR 105635
Reading Time:about 9 minutes
The Millennium Challenge Corporation (MCC) issued a report identifying countries eligible for economic assistance through compacts for Fiscal Year 2025. Liberia was newly selected, while Cabo Verde, Senegal, and The Gambia were re-selected to continue compact development. The Philippines and Tanzania were chosen to keep developing threshold programs. The criteria for selection included governance and economic performance, with a focus on reducing poverty through economic growth.
Simple Explanation
The Millennium Challenge Corporation picked some countries, like Liberia and Senegal, to give them money to help them grow and become better places to live. They chose these countries because they are working hard to have good rules and want to help their people.