U.S. Millennium Challenge Corporation Takes Action on Zambia, Malawi, Mali
27 March 2012
US Government IIP Digital - March 26, 2012
Washington — The U.S. Millennium Challenge Corporation’s (MCC) board of directors has voted to invest $350 million to help improve water infrastructure in Lusaka, Zambia.
Describing water system challenges as “one of Zambia’s most binding constraints to economic growth,” the MCC reports that the agreement approved at a March 22 meeting aims to expand Lusaka’s water supply while also extending and improving water and sanitation networks. Decreasing flooding and providing more access to clean water and sanitation services are additional goals.
“MCC investments are expected to have a meaningful impact on the lives of more than 1 million Lusaka residents,” said MCC Chief Executive Officer Daniel W. Yohannes, “by improving their health and economic productivity and helping the country reduce poverty on a sustainable basis by enhancing water security.”
Yohannes congratulated the Zambian government for its effort to meet MCC’s strict requirements for project planning and accountability, which determine a government’s eligibility to win the agreement.
The compact builds on more than 15 years of water-sector reform led by the Zambian government. In addition to infrastructure investments in water supply, sanitation and drainage, the MCC investment will support the government’s efforts to build better institutions that have the capacity to improve the health and economic productivity of Lusaka residents and to help the country reduce poverty on a sustainable basis.