Notice2022-21882
Notice of Entering Into a Compact With the Government of Malawi
Primary source
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Published
October 7, 2022
Issuing agencies
Millennium Challenge Corporation
Abstract
In accordance with the provisions of the Millennium Challenge Act of 2003, as amended, the Millennium Challenge Corporation (MCC) is publishing a summary of the Millennium Challenge Compact (Compact) between the United States of America and the Republic of Malawi. Representatives of MCC and the Government of Malawi executed the Compact on September 28, 2022. The complete text of the Compact has been posted at: https://assets.mcc.gov/content/uploads/compact-malawi- transport-land.pdf.
Full Text
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<title>Federal Register, Volume 87 Issue 194 (Friday, October 7, 2022)</title>
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[Federal Register Volume 87, Number 194 (Friday, October 7, 2022)]
[Notices]
[Pages 61102-61103]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-21882]
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MILLENNIUM CHALLENGE CORPORATION
[MCC FR 22-14]
Notice of Entering Into a Compact With the Government of Malawi
AGENCY: Millennium Challenge Corporation.
ACTION: Notice.
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SUMMARY: In accordance with the provisions of the Millennium Challenge
Act of 2003, as amended, the Millennium Challenge Corporation (MCC) is
publishing a summary of the Millennium Challenge Compact (Compact)
between the United States of America and the Republic of Malawi.
Representatives of MCC and the Government of Malawi executed the
Compact on September 28, 2022. The complete text of the Compact has
been posted at: <a href="https://assets.mcc.gov/content/uploads/compact-malawi-transport-land.pdf">https://assets.mcc.gov/content/uploads/compact-malawi-transport-land.pdf</a>.
(Authority: 22 U.S.C. 7709 (b)(3))
Dated: October 4, 2022.
Thomas G. Hohenthaner,
Acting VP/General Counsel and Corporate Secretary.
Summary of Malawi Compact
Overview of MCC Malawi Compact
MCC's five-year, $350,000,000 Compact with the Republic of Malawi
(Government) aims to reduce poverty through economic growth by
targeting key binding constraints in the transport and land sectors.
The Compact will address these constraints through three projects that
seek to achieve this goal by
[[Page 61103]]
reducing costs of transport in targeted rural areas and improving land
services. The Government also will contribute approximately $26,250,000
to support the Compact program.
Project Summaries
The Compact is comprised of three projects:
1. Accelerated Growth Corridors Project: The objective of the
Accelerated Growth Corridors Project is to reduce costs of transport in
targeted rural areas. The Project includes two activities:
<bullet> Road Corridor Improvement Activity: This activity aims to
target investment in physical upgrades and improvements across
different classes of roads within four selected corridors to improve
rural access by addressing road conditions and reducing transport
costs.
<bullet> Policy and Institutional Reform and Capacity Building
Activity: This activity focuses on assistance to the Government to
address policy, legislative, institutional, and funding issues to
ensure that road transport in Accelerated Growth Corridors is well-
maintained and managed.
2. Increased Land Productivity Project: The objective of the
Increased Land Productivity Project is to improve land services. The
Project includes two activities:
<bullet> Land Administration Resourcing and Institutions Activity:
This aims to support analysis, reform, and implementation of reforms to
expand national land-based revenues, address institutional change, and
address the land rights records that underpin land institution work.
<bullet> City Council Land-Based Revenue Modernization Activity:
This activity aims to expand coverage and collection of land-based
revenues, as well as to increase resources for key services and
increase investment in land. MCC Funding shall support a sequence of
activities in up to four cities (Lilongwe, Blantyre, Mzuzu, and Zomba).
3. ACFD Project: The compact program also includes allocation for
the American Catalyst Facility for Development (ACFD) Project. The
purpose of this funding is to facilitate U.S. International Development
Finance Corporation (DFC) investments in Malawi. MCC and DFC will
discuss specific transactions to be supported by the ACFD Project which
shall be agreed to by the Parties in writing after proposals submitted
by the DFC have undergone the ACFD screening and approvals process.
Transactions supported by the ACFD Project shall be consistent with the
missions of both MCC and DFC, as well as all applicable statutory
requirements and authorities.
Malawi Compact Budget
The table below presents the Compact budget and sets forth both the
MCC funding allocation by Compact components and the Government's
expected $26,250,000 contribution toward the objectives of the Compact.
Malawi Compact Total Budget
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Component MCC funding
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1. Accelerated Growth Corridors Project................. $244,950,000
1.1 Road Corridor Improvement Activity.............. 228,998,000
1.2 Policy and Institutional and Capacity Building 15,952,000
Reform Activity....................................
2. Increased Land Productivity Project.................. 44,107,000
2.1 Land Administration Resourcing and Institutions 20,034,685
Activity...........................................
2.2 City Council Land-Based Revenue Modernization 24,072,315
Activity...........................................
3. American Catalyst Facility for Development........... 8,500,000
4. Monitoring and Evaluation............................ 3,000,000
5. Program Management and Administration................ 49,443,000
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Total MCC Funding................................... 350,000,000
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Total compact funding........................... Amount
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Total MCC Funding....................................... 350,000,000
Government of Malawi Contribution....................... 26,250,000
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Total Compact....................................... 376,250,000
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[FR Doc. 2022-21882 Filed 10-6-22; 8:45 am]
BILLING CODE 9211-03-P
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