Sierra Leone Passes MCC Scorecard
Sierra Leone has convincingly passed the Millennium Challenge Corporation (MCC) FY2020 Scorecard, which released on 1st November 2019. This remarkable achievement has automatically made Sierra Leone eligible for MCC Compact consideration. The scorecard assesses a country’s performance in three broad categories; ruling justly, investing in citizens, and economic freedom.
The MCC scorecard demonstrated that since its assumption to power, the President Bio led Government has made enormous progress, especially in the areas of good governance, transforming the economy, and human capital development
The United States Ambassador to Sierra Leone, Maria Brewer, met with President Bio on Friday 1st November 2019 and congratulated the Government of Sierra Leone on passing the 2020 MCC Scorecard. She commended the Government for making significant progress on indicators like Girls Primary Education Completion Rates and Control of Corruption indicators.
While Sierra Leone awaits on the decision of the MCC Board later this year on whether we have done enough to secure a Compact, we will continue to implement the $44.4 Million Threshold program to improve the financial viability of the electricity and water sectors. An award of a compact will have a transformational impact in Sierra Leone by unlocking private sector investment, which will be the engine for sustained economic development for our country. The MCC grant funds within the framework of the National Medium-Term Development Plan can change the lives of Sierra Leoneans.
The MCC is an independent bilateral United States foreign aid agency that uses key competitive indicators to assess the degree to which the political and economic conditions in a country serve to promote broad-based sustainable economic growth and reduction of poverty and thus provide a sound environment for the use of MCC funds.
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