22 USC 7708 - Millennium Challenge Compact

U.S Code last checked for updates: May 02, 2024

§ 7708.

Millennium Challenge Compact

(a)

Compact

(b)

Elements

(1)

In general

The Compact should take into account the national development strategy of the eligible country and shall contain—

(A)

the specific objectives that the country and the United States expect to achieve during the term of the Compact;

(B)

the responsibilities of the country and the United States in the achievement of such objectives;

(C)

regular benchmarks to measure, where appropriate, progress toward achieving such objectives;

(D)

an identification of the intended beneficiaries, disaggregated by income level, gender, and age, to the maximum extent practicable;

(E)

a multi-year financial plan, including the estimated amount of contributions by the Corporation and the country and proposed mechanisms to implement the plan and provide oversight, that describes how the requirements of subparagraphs (A) through (D) will be met, including identifying the role of civil society in the achievement of such requirements;

(F)

where appropriate, a description of the current and potential participation of other donors in the achievement of such objectives;

(G)

a plan to ensure appropriate fiscal accountability for the use of assistance provided under section 7704 of this title;

(H)

where appropriate, a process or processes for consideration of solicited proposals under the Compact as well as a process for consideration of unsolicited proposals by the Corporation and national, regional, or local units of government;

(I)

a requirement that open, fair, and competitive procedures are used in a transparent manner in the administration of grants or cooperative agreements or the procurement of goods and services for the accomplishment of objectives under the Compact;

(J)

the strategy of the eligible country to sustain progress made toward achieving such objectives after expiration of the Compact; and

(K)

a description of the role of the United States Agency for International Development in any design, implementation, and monitoring of programs and activities funded under the Compact.

(2)

Lower middle income countries

(3)

Definition

(c)

Additional provision relating to prohibition on taxation

(d)

Local input

In entering into a Compact, the United States shall seek to ensure that the government of an eligible country—

(1)

takes into account the local-level perspectives of the rural and urban poor, including women, in the eligible country; and

(2)

consults with private and voluntary organizations, the business community, and other donors in the eligible country.

(e)

Consultation

(f)

Coordination with other donors

(g)

Assistance for development of compact

(h)

Requirement for approval by the Board

(i)

Increase or extension of assistance under a Compact

Not later than 15 days after making a determination to increase or extend assistance under a Compact with an eligible country, the Board, acting through the Chief Executive Officer—

(1)

shall prepare and transmit to the appropriate congressional committees a written report and justification that contains a detailed summary of the proposed increase in or extension of assistance under the Compact and a copy of the full text of the amendment to the Compact; and

(2)

shall publish a detailed summary, full text, and justification of the proposed increase in or extension of assistance under the Compact in the Federal Register and on the Internet website of the Corporation.

(j)

Duration of Compact

(k)

Concurrent Compacts

An eligible country that has entered into and has in effect a Compact under this section may enter into and have in effect at the same time not more than one additional Compact in accordance with the requirements of this chapter if—

(1)

one or both of the Compacts are or will be for purposes of regional economic integration, increased regional trade, or cross-border collaborations; and

(2)

the Board determines that the country is making considerable and demonstrable progress in implementing the terms of the existing Compact and supplementary agreements thereto.

(l)

Subsequent Compacts

(Pub. L. 108–199, div. D, title VI, § 609, Jan. 23, 2004, 118 Stat. 218; Pub. L. 115–167, title II, § 204(a), Apr. 23, 2018, 132 Stat. 1280.)

cite as: 22 USC 7708