MCC launches new compact for Malawi

A delegation of the Millennium Challenge Corporation (MCC) is in the country to launch the beginning of the second compact development for Malawi and start the implementation process which would see Malawi benefiting in a sector of its choice.

Hauch: May take three years

The second compact comes after a successful implementation and completion of the first compact which focused on the energy sector.

This was revealed on Thursday when the MCC team had an audience with President Peter Mutharika at the Kamuzu Palace in Lilongwe.

MCC Vice President, General Counsel and Corporate Secretary, Jeanne M Hauch said there is great commitment for Malawi to move forward in the compact hence the launch.

She observed that Malawi performed well in the first compact hence the need for the second compact so that the country progresses in its economic growth agenda saying there is great potential for Malawi’s economic growth.

“Not many countries receive the second compact. Malawi performed well in the first compact. As such we will continue assisting Malawi in order for it to achieve its potential in the development agenda,” she said.

President Mutharika was grateful for the second compact while at the same time describing the first compact as a success which has brought a bigger change as most people are able to do business even in the village due to access to electrical power.

He said in the second compact his government is considering best areas that would have a positive impact on Malawians.

“The first compact invested in a critical area that served a greater good,” he said.

Minister of Finance, Economic Planning and Development Goodall Gondwe said a panel of nine has been chosen to discuss and propose projects to be undertaken in the second compact.

He said this panel would discuss with the MCC technical team of the possible projects.

“We are confident that the panel will deliver and come up with very good projects for implementation,” said Gondwe.

MCC approved second Malawi compact in December 2018 after the successful completion of the $350.7 million energy compact.

The first compact for Malawi was designed to increase individual and business incomes and reduce poverty by improving the availability, reliability and quality of the power supply, expanding access to power, reducing the cost of doing business and revitalizing Malawi’s power sector.

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APM2014 Boma
APM2014 Boma
2 years ago

i think the energy sector is not yet finished. you did the distribution but generation is not enough. please consider power generation in the second compact. build some power plant

Liberator
Liberator
2 years ago

Ndalama zimenezi timange atleast one major road in each region. Komanso dont start using the money until two months after elections.

Wiseman
Wiseman
2 years ago

Good news, ena aonapo vuto basi.

Ndata Albino Auction Floor

Ndalama za MCC sangabepo akuluwa. Uyu satsinzina nkutola. Amatola likung’amba mtengo ndi mzake Zameer.

Heavyduty
Heavyduty
2 years ago

Inutu (a Ndata) you live in “NEGATIVES”. Either you are uneducated/poor or ndinu a mfiti woti mumangolodza wanthu basi. Mukhala choncho.

Peace
Peace
2 years ago

This is good news! If the committee chooses infrastructure improvement, why not include the Chilumba – Mbeya rail connection to Tazar…! That could be a game changer.

Chatonda
Chatonda
2 years ago

Please choose infrastructure such as roads, dams, airports and upgrading of earth roads in the country

Charlie Hebdo
Charlie Hebdo
2 years ago
Reply to  Chatonda

Good choice. Especially hard to reach areas. Rail connecting the three regions would be precious.

Heavyduty
Heavyduty
2 years ago
Reply to  Charlie Hebdo

I agree, railway network from Chitipa to Nsanje to Beila or Nacara can significantly reduce transportation cost and make Malawi produce competitive

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