As the first country to sign a compact with the Millennium Challenge Corporation, Madagascar has been the global guinea pig for the MCA approach. Its early experience offers important lessons for countries following in its path - both about the real challenges of program administration, and the real potential of the MCA as a source of transformation and innovation.
Ghana is expected to sign the largest MCA compact to date--upwards of $500 million over 5 years--by the end of July.
On September 23, 2005 Malawi signed a funding agreement with the MCC under the MCA's Threshold Program. Malawi was only the second threshold country to reach this step, and the first to reach agreement on a proposal that tackles the thorny issues of corruption and financial management.
This note draws on the MCC's selection process and newly released data to explore which countries are most likely to be selected for FY 2006. The analysis has several highlights.