Event: Signing Ceremony with MCC and Republic of Liberia

This event will recognize MCC's $257 million power and roads sector compact with Liberia and the long history of partnership between the two nations.

Featured guests include:

• His Excellency Joseph N. Boakai, Vice President, Republic of Liberia
• The Honorable Dana J. Hyde, CEO, Millennium Challenge Corporation
• The Honorable Heather Higginbottom, U.S. Deputy Secretary of State for Administration
• The Honorable Amara M. Konneh, Minister of Finance and Development Planning, Republic of Liberia

About the Compact:
MCC's compact with Liberia includes funding for the rehabilitation of the Mt. Coffee Hydroelectric Plant, development of a training center for technicians in the electricity sector, support for the creation of an independent energy sector regulator and support for the development of a nationwide road maintenance framework.

The compact will significantly enhance Liberia’s engagement in the U.S. Government’s Power Africa effort. Presently, only 2 percent of the population has access to the electric grid, and 84 percent of Liberians currently live on less than $1.25/day.

This new partnership also complements the U.S. Government’s efforts to help Liberia recover from the Ebola outbreak. Over the next 20 years, MCC expects at least 460,000 people to benefit from the compact.