The Pacts are five-year agreements between MCC and an eligible country to finance specific programmes aimed at reducing poverty and stimulating economic growth. MCC`s unique model for the development of compact programs reflects the principles that marked the creation of the Agency in 2004. These include the principle of country participation, the belief that aid is most effective when it is based on a partnership (or compact) in which recipient countries take greater responsibility for their own economic development. MCC signs either a pact agreement or a threshold agreement with a partner country. A pact is a five-year grant awarded to selected countries that have been evaluated under the selection criteria. If a country does not have successful scores but shows a positive upward trend in selection criteria, it may still be eligible for a threshold program. The emerging agenda is a smaller agenda, focused on political and institutional reforms. The government of each partner country must set up a special purpose legal entity responsible for the implementation of the subsidy programme. Today, MCC is moving towards owner-centred housing. In this model, MCC enters into an agreement with a homeowner to assess what he or she currently has and wants to do to improve safe living conditions. In April 2018, AGOA and mca modernization act authorized MCC to enter into simultaneous pacts for cross-border economic integration, trade and cooperation. In December 2018, MCC`s Board of Directors elected five West African countries as simultaneous acts: Benin, Burkina Faso, Côte d`Ivoire, Ghana and Niger.

In 2019, in response to the Ghanaian government`s decision to terminate the concession contract between Electric Company of Ghana Ltd (ECG) and private operator Power Distribution Services Ghana Ltd (PDS), Ghana did not reduce regional investment. MCC was authorized in 2004 with the support of all parties. Its guiding principles are, “We`re always trying to think about how to serve as many people as possible,” Brown said. In 2018, the AGOA and MCA Modernization Act was signed by President Trump and gave MCC new powers to leverage cross-border regional investments that address economic challenges, expand regional markets to increase their impact on poverty reduction, and facilitate trade and investment. Of the 23 federal agencies involved in designing and providing U.S. overseas assistance programs, the Millennium Challenge Corporation (MCC) is truly unique. She enjoys broad bipartisan support in the U.S. Congress; non-governmental organizations have constantly affirmed the need to protect and strengthen the organization; And it is highly appreciated by other bilateral and multilateral development finance institutions. Studies by groups such as the Conservative Heritage Foundation in the United States have shown that in many developing countries that have received external assistance, their per capita income has declined or stagnated over the past 40 years. The Heritage Foundation consistently supported the MCC`s approach, which used its trade measures in the Economic Freedom Index. [44] In April 2005, the United States Government Accountability Office published a positive report on MCC`s work [45] The Programme Assessment Rating Tool (PART), which examines the effectiveness and performance of the United States. Government programmes are expected to be reviewed in 2007.

[46] A 2006 study on the MCC effect estimated that potential beneficiary countries improved the ACM criteria by 25% more than other countries after controlling for time trends. [47] The World Policy Council, led by Ambassador Horace Dawson and Senator Edward Brooke, recognizes the MCC as the newest and most promising program in its territory and has recommended that the Bush administration and the Congressional Black Caucus focus on full funding and an accelerated pace of spending. . . .