Senator Lindsey Graham promises to rally support for Liberia’s second MCC bid, in spite of the country’s sub-par performance 3 years in a rowInfluential U.S. The MCC Development Assistance is a U.S. government foreign aid program that provides beneficiary countries time-bound grants which are targeted at ensuring economic growth, reducing poverty and strengthening governmental institutions. He said once a country is deemed eligible by MCC, it enters into a period of compact development, which can take up to two years. After the compact development phase and the approval of a compact program, MCC and the beneficiary country will enter into negotiations leading to another signed five-year compact. If Liberia’s performance continues to improve, eligibility for a second compact is possible since a country needs to pass 10 out of 20 indicators.

Source: Daily Observer September 15, 2021 15:09 UTC