Sierra Leone has been re-selected to continue Compact Development by the Millennium Challenge Corporation (MCC) Board of Directors, chaired by United States Secretary of State Antony Blinken.
The re-selection signals increased confidence in the actions taken by the Government of Sierra Leone to address concerns that the MCC Board raised in September.
The proposed Compact will increase the availability of reliable and affordable electricity in Sierra Leone. Specifically, the Compact will increase private sector participation in power supply, double the energy transmission capacity, increase access in select towns, and enhance sector governance and institutional capacity.
Having recently concluded the Core feasibility studies to determine the scope of the Compact, Sierra Leone looks forward to engaging in negotiations with MCC to finalize the process.
In November 2023, Sierra Leone passed the MCC Scorecard for the fifth consecutive time-one of the areas considered for Sierra Leone’s re-selection for the compact. Upon receiving the scorecard in November, His Excellency President Julius Maada Bio reiterated that “the most valuable contribution MCC has made to Sierra Leone to date has been the provision of an objective framework to engage and assess Sierra Leone’s development aspirations reflecting both national expectations and international benchmarks.”
The government of Sierra Leone remains committed to the critical reforms needed to deepen democracy, improve the investment climate, and strengthen and grow human capital development in line with the MCC principles.
The much-anticipated Compact will address the binding constraint of energy, contributing to economic growth and poverty alleviation for the people of Sierra Leone.
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