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HomeNewsZambia signs second Millennium Challenge Compact Worth US$355 Million

Zambia signs second Millennium Challenge Compact Worth US$355 Million

By John Chola

Zambia has signed its second Millennium Challenge Compact with the Millennium Challenge Corporation (MCC), marking a significant milestone in the country’s efforts and signaling the continued partnership between Zambia and the United States in driving sustainable development.

The signing ceremony took place at the Mulungushi International Conference Centre and was attended by President Hakainde Hichilema, MCC Chief Executive Officer Alice Albright, and other dignitaries.

The second compact comes after a successful first agreement, which provided US$355 million from 2012 to 2018 to improve Lusaka’s water supply, sanitation, and drainage systems.

Dr Musokotwane emphasized that the new compact is the result of a thorough and consultative process involving government entities, the private sector, civil society, and academia, which began when Zambia was selected for the second grant in December 2021.

He acknowledged Ms. Albright’s continued commitment, noting that this was her third visit to Zambia, underscoring the strong partnership between the MCC and Zambia.

Key achievements from the first compact included the expansion of the Kaunda Square ponds to serve 156,000 people, as well as new water and sewer connections that reduced waterborne diseases in Mtendere.

Dr Musokotwane also extended special thanks to President Hichilema for his support and commitment to accelerating the development process, ensuring that Zambians benefit from the compact.

The compact aims to address critical constraints to Zambia’s economic growth, specifically focusing on inadequate agricultural inputs and policies, insufficient road and transport infrastructure, and low access to reliable electricity.

He also acknowledged the collaborative efforts of various ministries and stakeholders, including the MCC, which contributed technical input during the compact’s development.

“This compact signifies Zambia’s commitment to improving the lives of its people and enhancing economic growth through targeted investments,” he said.

The signing of the second Millennium Challenge Compact represents an essential step in Zambia’s efforts to boost economic development and improve infrastructure, reinforcing the country’s dedication to growth and prosperity.

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