The Millennium Challenge Corporation says its multi billion Kwacha Millennium challenge compact grant to the government of Malawi remains set for completion in September next year.
Acting Chief Executive Officer for the Corporation Jonathan Nash disclosed this on Monday after an audience with President Professor Arthur Peter in New York in the United States of America. This was one among several engagements that Professor Mutharika is expected to have before, during and after this year’s United Nations General Assembly in New York.
Said the acting CEO, “We have a five year programme. Government has made tremendous successes. We have one year left but there is a lot of work to do.”
Nash who could not disclose what will follow for Malawi after the completion of the current US$350 million initiative went on to express hope for the successful completion of the nearly 200 billion Kwacha initiative by its set deadline in 2018.
“There is deep commitment from both parties – MCC and the government of Malawi to finish this program with success”, he concluded.
The audience with Nash is one among many by President Professor Arthur Peter Mutharika lined up official engagements before, during and after the week long annual General Assembly at the United Nations headquarters in New York.
The Millennium Challenge Corporation is a bilateral United States foreign aid agency. It is based on the principle that aid is most effective when it enhances good governance. In Malawi, the single-sector program is designed to contribute to Malawi’s efforts in reducing poverty through increased access to reliable electric power.
Among other things, it has so far placed some significant focus on areas such as rehabilitation of Nkula hydro power plant, and installation of transmission and distribution lines. The five year project started in September 2013.