Monday
October 28
2024

Press Release: MCC, Zambia Sign $491 Million Compact to Advance Agriculture Sector

Millennium Challenge Corporation (MCC) Chief Executive Officer (CEO) Alice Albright joined Zambia’s Minister of Finance Situmbeko Musokotwane, yesterday, in signing the $491 million Zambia Farm-to-Market Compact designed to deliver sustainable and inclusive economic growth for the people of Zambia.

The grant—comprised of $458 million from the American people and a $33 million contribution by the Zambian people—was signed in the presence of the President of the Republic of Zambia, Hakainde Hichilema, as part of ongoing activities celebrating Zambia’s 60th anniversary of independence and 60 years of US-Zambia relations.

Photo courtesy of Martin LaBar.

Source: MCC (link opens in a new window)

Categories
Agriculture, WASH
Tags
development finance, infrastructure, regulations, waste, water