Malawi will contribute 7.5% of the total value of the next Millennium Challenge Corporation (MCC) compact, the Millennium Challenge Account (MCA) has said. This was revealed during MCC Chief Executive Officer Sean Cairncross visit in Malawi.

On a press briefing during the event, MCA-Malawi National Coordinator, Dye Mawindo said that Malawi’s contribution to the compact is a prerequisite for countries qualifying for a second compact. “The bar is much higher. But that can come in various forms, including if there is need for a contribution of land, for instance,” Mawindo said.

During consultations at the Malawi Millennium Development Trust (MMDT) last June, representatives of the Millennium Challenge Account (MCA) revealed of having meetings with three delegations from the Millennium Challenge Corporation (MCC) Washington office, which investments the MCC should include in its compact.

After his visit, Cairncross said another MCA team of experts would come to the country to work with Malawi Millennium Development Trust in engaging potential beneficiaries, civil society, private sector and other donors on the project concept. “Compact development typically takes two to three years of analysis and planning before a grant agreement can be signed. However, commitment to this process helps minimise project risks, ensures there is input from all stakeholders and sets the future program up for success”.