[Federal Register Volume 71, Number 85 (Wednesday, May 3, 2006)]
[Notices]
[Pages 26114-26116]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-6665]


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MILLENNIUM CHALLENGE CORPORATION

[MCC FR 06-08]


Notice of Quarterly Report (January 1, 2006--March 31, 2006)

AGENCY: Millennium Challenge Corporation.
SUMMARY: The Millennium Challenge Corporation (MCC) is reporting for 
the quarter January 1, 2006 through March 31, 2006 with respect to 
either assistance provided under section 605 of the Millennium 
Challenge Act of 2003 (Pub. L. 108-199, Division D (the Act)), or 
transfers of funds to other Federal agencies pursuant to section 619 of 
that Act. The following report shall be made available to the public by 
means of publication in the Federal Register and on the Internet Web 
site of the MCC (http://www.mcc.gov) in accordance with section 612 (b) 
of the Act.

[[Page 26115]]



                                      Assistance Provided Under Section 605
----------------------------------------------------------------------------------------------------------------
                                                                           Quarterly
            Projects                 Obligated          Objectives       disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                     Country: Madagascar Year: 2006 Quarter 2 Total Obligation: $109,773,000
       Entity to which the assistance is provided: MCA Madagascar Total Quarterly Disbursement: $0 million
--------------------------------
Land Tenure Project............  $37.803 mil......  Increase Land      $0...............  Legislative proposal
                                                     Titling and                           (``loin de cadrage'')
                                                     Security.                             reflecting the PNF
                                                                                           submitted to
                                                                                           Parliament and
                                                                                           passed.
                                                                                          Percentage of land
                                                                                           documents
                                                                                           inventoried,
                                                                                           restored, and/or
                                                                                           digitized.
                                                                                          Average time and cost
                                                                                           required to carry out
                                                                                           property-related
                                                                                           transactions at the
                                                                                           local and/or national
                                                                                           land services
                                                                                           offices. Time/cost to
                                                                                           respond to
                                                                                           information request,
                                                                                           issue titles and to
                                                                                           modify titles after
                                                                                           the first land right.
                                                                                          Number of land
                                                                                           disputes reported and
                                                                                           resolved in the
                                                                                           target zones and
                                                                                           sites of
                                                                                           implementation.
                                                                                          Percentage of land in
                                                                                           the zones that is
                                                                                           demarcated and ready
                                                                                           for titling.
                                                                                          Promote knowledge and
                                                                                           awareness of land
                                                                                           tenure reforms among
                                                                                           inhabitants in the
                                                                                           zones (surveys).
Finance Project................  $35.888 mil......  Increase           $0...............  Submission to
                                                     Competition in                        Parliament and
                                                     the Financial                         passage of new laws
                                                     Sector.                               recommended by
                                                                                           outside experts and
                                                                                           relevant commissions.
                                                                                          CPA Association (CSC)
                                                                                           list of accountants
                                                                                           registered.
                                                                                          Maximum check clearing
                                                                                           delay.
                                                                                          Volume of funds in
                                                                                           payment system and
                                                                                           number of
                                                                                           transactions.
                                                                                          Public awareness of
                                                                                           new financial
                                                                                           instruments
                                                                                           (surveys).
                                                                                          Report of credit and
                                                                                           payment information
                                                                                           to a central
                                                                                           database.
                                                                                          Number of holders of
                                                                                           new denomination T-
                                                                                           bill holdings, and T-
                                                                                           bill issuance outside
                                                                                           Antananarivo as
                                                                                           measured by Central
                                                                                           Bank report of
                                                                                           redemption date.
                                                                                          Volume of production
                                                                                           covered by warehouse
                                                                                           receipts in the
                                                                                           zones.
                                                                                          Volume of MFI lending
                                                                                           in the zones.
                                                                                          MFI portfolio-at-risk
                                                                                           delinquency rate.
                                                                                          Number of new bank
                                                                                           accounts in the
                                                                                           zones.
Agricultural Business            $17.683 mil......  Improve            $0...............  Number of rural
 Investment Project.                                 Agricultural                          producers receiving
                                                     Projection                            or soliciting
                                                     Technologies and                      information from ABCs
                                                     Market Capacity                       about the
                                                     in Rural Areas.                       opportunities.
                                                                                          Zones identified and
                                                                                           description of
                                                                                           beneficiaries within
                                                                                           each zone submitted.
                                                                                          Number of cost-
                                                                                           effective investment
                                                                                           strategies developed.
                                                                                          Number of plans
                                                                                           prepared.
                                                                                          Number of farmers and
                                                                                           business employing
                                                                                           technical assistance
                                                                                           received.
Program Administration and       $18.399 mil......  .................  $0...............  ......................
 Control, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
       Program objective             Obligated         Program goal      Disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                      Country: Honduras Year: 2006 Quarter 2 Total Obligation: $215,000,000
      Entity to which the assistance is provided: MCA Honduras Total Quarterly Disbursement: $1,646 million
----------------------------------------------------------------------------------------------------------------
Rural Development Project......  $72.195 mil......  Increase the       $283,000.........  Hours of technical
                                                     productivity and                      assistance delivered
                                                     business skills                       to Program Farmers
                                                     of farmers who                        (thousands).
                                                     operate small                        Funds lent by MCA-
                                                     and medium-size                       Honduras to financial
                                                     farms and their                       institutions
                                                     employees..                           (cumulative).
                                                                                          Hours of technical
                                                                                           assistance to
                                                                                           financial
                                                                                           institutions
                                                                                           (cumulative).
                                                                                          Lien Registry
                                                                                           equipment installed.
                                                                                          Kilometers of farm-to-
                                                                                           market road upgraded
                                                                                           (cumulative).

[[Page 26116]]

 
Transportation Project.........  $125.700 mil.....  Reduce             $273,000.........  Kilometers of highway
                                                     transportation                        upgraded.
                                                     costs between                        Kilometers of
                                                     targeted                              secondary road
                                                     production                            upgraded.
                                                     centers and                          Number of weight
                                                     national,                             stations built.
                                                     regional and
                                                     global markets..
Program Administration and       $17.105 mil......  .................  $1.090 mil.......  ......................
 Control, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
                                                                           Quarterly
            Projects                 Obligated          Objectives       disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                     Country: Cape Verde Year: 2006 Quarter 2 Total Obligation: $110,078,000
       Entity to which the assistance is provided: MCA Cape Verde Total Quarterly Disbursement: $0 million
----------------------------------------------------------------------------------------------------------------
Watershed and Agricultural       $10.848 mil......  Increase           $0...............  Productivity:
 Support.                                            agricultural                          Horticulture (tons
                                                     production in                         per hectare)
                                                     three targeted                       Value-added for farms
                                                     watershed areas                       and agribusiness
                                                     on three islands.                     (millions of dollars)
Infrastructure Improvement.....  $78.760 mil......  Increase           $0...............  Volume of goods
                                                     integration of                        shipped between Praia
                                                     the internal                          and other islands
                                                     market and                            (tons).
                                                     reduce                               Mobility Ratio:
                                                     transportation                        Percentage of
                                                     costs.                                beneficiary
                                                                                           population who take
                                                                                           at least 5 trips per
                                                                                           month.
                                                                                          Savings on transport
                                                                                           costs from
                                                                                           improvements (million
                                                                                           dollars).
Private Sector Development.....  $7.200 mil.......  Spur private       $0...............  Value added in
                                                     sector                                priority sectors
                                                     development on                        above current trends
                                                     all islands                           (escudos)
                                                     through                              Volume of private
                                                     increased                             investment in
                                                     investment in                         priority sectors
                                                     the priority                          above current trends
                                                     sectors and
                                                     through
                                                     financial sector
                                                     reform.
Program Administration and       $13.270 mil......  .................  $0...............  ......................
 Control, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
                                               619 Transfer Funds
-----------------------------------------------------------------------------------------------------------------
    U.S. agency to which funds were
              transferred                   Amount          Country         Description of program or project
----------------------------------------------------------------------------------------------------------------
N/A...................................             N/A             N/A  N/A
----------------------------------------------------------------------------------------------------------------
\*\Note: Obligated amounts are cumulative from the time of signing a compact.


    Dated: April 28, 2006.
Frances C. McNaught,
Vice President, Congressional and Public Affairs, Millennium Challenge 
Corporation.
 [FR Doc. E6-6665 Filed 5-2-06; 8:45 am]
BILLING CODE 9210-01-P