Compact Countries
|
Legislation authorizing the MCA states that countries must be invited by the MCC Board of Directors to submit a Compact proposal requesting funding. Compact funding requires successful (and often-times several rounds of) proposal negotiations between the MCC and the applicant country. Proposals should include a section on: purpose/objectives, justification, consultative process, implementation, sustainability and commitment to MCA criteria. The final compact must be approved by the MCC Board and notified to Congress prior to program implementation. To date, sixteen countries have compacts worth over $5.5 billion:
MCA Compact Obligations by Country and SectorThe MCA currently has compacts worth over $5.5 billion with 16 partner countries. This chart (pdf) breaks down how those funds are allocated, by country and by sector of focus within each compact. A summary chart at bottom shows the relative overall emphasis by sector. Looking at the 16 compacts, the two most highly funded sectors are transportation and other infrastructure which claims 48% of MCA’s compact funds and agriculture and rural development which claims another 24%.
Compact Size ComparisonsMCA compacts range in size from $66 million to $698 million. Looking at grant size relative to certain country characteristics, however, offers a better comparative view of the compacts. This chart (xls) lists the size of each compact relative to the country's GDP, total annual ODA, and population, and provides a rank to show how MCC stacks up against other donors in terms of amount of aid (based on the average annual compact disbursement). The first chart lists this information for the 16 current compacts; the second chart provides these estimates for compacts in the pipeline.
|