(in millions of $) | FY 2018 Enacted | FY 2019 Enacted | FY 2020 President's Budget |
---|---|---|---|
Total Appropriation/Request | 905.0 | 905.0 | 800.0 |
Threshold Programs | 29.8 | 45.0 | 26.5 |
Background
MCC’s threshold program assists candidate countries to become compact eligible by incentivizing them to demonstrate their commitment to just and democratic governance, economic freedom, and investments in their people. By advancing policy and institutional reforms to address the most binding constraints to economic growth, threshold programs complement the “MCC Effect”[[The "MCC Effect" refers to the positive impact of MCC's rigorous commitment to sound policies beyond MCC's direct development assistance in the form of compacts and threshold programs in partner countries.]] created by the scorecard and allow MCC to assess the opportunity for an impactful and cost-effective partnership before committing to a larger compact. MCC uses the same rigorous, evidence-based approach in threshold programs as it does in compacts, leading to high-quality programs that maximize potential systemic impact and lay the foundation for larger funding.Threshold programs help countries to reduce constraints to faster economic growth, increase transparency and accountability, and provide MCC critical information about their political will and capacity to undertake the types of reforms that would have the greatest impact in compacts. Current programs are:
- Honduras: supporting greater budget transparency and reducing opportunities for corruption in public procurement;
- Guatemala: mobilizing customs and tax revenues and improving secondary education;
- Sierra Leone: creating the foundation for more effective and financially sustainable provision of critical water and electricity services; and
- Kosovo: fostering the use of data for more transparent and accountable governance.
New and Developing Threshold Programs
Togo
MCC and Togo signed a $35 million threshold program with Togo on February 14, 2019. As the result of a dedicated reform effort, Togo has moved from passing 5 of 20 indicators in FY 2014 to 14 of 20 indicators in FY 2019, including the “hard hurdle” Control of Corruption indicator. The Government of Togo has worked closely with MCC to conduct a constraints analysis and developed an ambitious program to address critical constraints in its information and communications technology (ICT) and land sectors. The program will seek to improve access to high quality and affordable ICT services to Togolese citizens by encouraging private sector investments in the ICT sector and developing an independent regulatory regime. In the land sector, the program aims to expand access to formalized land through the recognition and protection of legitimate land rights in order to accelerate agricultural productivity.The Togo threshold program presents the government with a unique opportunity to undertake major reforms in challenging and politically sensitive areas. If successful, the program would mark a positive step towards Togo becoming a more open and inclusive society and foster a more market-oriented economy. Both the ICT and land projects will also challenge deeply-rooted sources of corruption.