[Federal Register Volume 72, Number 29 (Tuesday, February 13, 2007)]
[Notices]
[Pages 6776-6780]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-2447]


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MILLENNIUM CHALLENGE CORPORATION

[MCC FR 07-03]


Notice of Quarterly Report (October 1, 2006-December 31, 2006)

AGENCY: Millennium Challenge Corporation.
SUMMARY: The Millennium Challenge Corporation (MCC) is reporting for 
the quarter October 1, 2006 through December 31, 2006 with respect to 
both assistance provided under section 605 of the Millennium Challenge 
Act of 2003 (Pub. L. 108-199, Division D (the Act)), and 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.

                                      Assistance Provided Under Section 605
----------------------------------------------------------------------------------------------------------------
                                                                           Quarterly
             Projects                 Obligated         Objectives       disbursements          Measures
----------------------------------------------------------------------------------------------------------------
                                         Country: Madagascar Year: 2007
       Entity To Which The Assistance Is Provided: MCA Madagascar Total Quarterly Disbursement: $4,823,000
----------------------------------------------------------------------------------------------------------------
Land Tenure Project..............     $37,803,000  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..................     $35,888,000  Increase                         $0  Submission to Parliament
                                                    Competition in the                   and passage of new laws
                                                    Financial 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.

[[Page 6777]]

 
                                                                                        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 Investment      $17,683,000  Improve                          $0  Number of rural
 Project.                                           Agricultural                         producers receiving or
                                                    Projection                           soliciting information
                                                    Technologies and                     from ABCs about the
                                                    Market Capacity in                   opportunities.
                                                    Rural Areas.                        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           $18,399,000  ...................              $0  ........................
 Control, Monitoring and
 Evaluation.
To be allocated**................              $0  ...................      $4,823,000  ........................
----------------------------------------------------------------------------------------------------------------
                                     Country: Honduras Year: 2007 Quarter 1
                                         Total Obligation: $215,000,000
        Entity To Which the Assistance Is Provided: MCA Honduras Total Quarterly Disbursement: $1,297,000
----------------------------------------------------------------------------------------------------------------
Rural Development Project........     $72,195,000  Increase the                     $0  Hours of technical
                                                    productivity and                     assistance delivered to
                                                    business skills of                   Program Farmers
                                                    farmers who                          (thousands)
                                                    operate small and                   Funds lent by MCA-
                                                    medium-size farms                    Honduras to financial
                                                    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).
Transportation Project...........    $125,700,000  Reduce                           $0  Kilometers of highway
                                                    transportation                       upgraded.
                                                    costs between                       Kilometers of secondary
                                                    targeted                             road upgraded.
                                                    production centers
                                                    and national,
                                                    regional and
                                                    global markets.
                                                                                        Number of weight
                                                                                         stations built.
Program Administration* and           $17,105,000  ...................              $0  ........................
 Control, Monitoring and
 Evaluation.
To be allocated**................              $0  ...................      $1,297,000  ........................
----------------------------------------------------------------------------------------------------------------
                                         Country: Cape Verde Year: 2007
           Entity To Which the Assistance Is Provided: MCA Cape Verde Total Quarterly Disbursement: $0
----------------------------------------------------------------------------------------------------------------
Watershed and Agricultural            $10,848,000  Increase                         $0  Productivity:
 Support.                                           agricultural                         Horticulture (tons per
                                                    production in                        hectare).
                                                    three targeted                      Value-added for farms
                                                    watershed areas on                   and agribusiness
                                                    three islands.                       (millions of dollars).
Infrastructure Improvement.......     $78,760,000  Increase                         $0  Volume of goods shipped
                                                    integration of the                   between Praia and other
                                                    internal market                      islands (tons).
                                                    and 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).

[[Page 6778]]

 
Private Sector Development.......      $7,200,000  Spur private sector              $0  Value added in priority
                                                    development on all                   sectors above current
                                                    islands through                      trends (escudos).
                                                    increased                           Volume of private
                                                    investment in the                    investment in priority
                                                    priority sectors                     sectors above current
                                                    and through                          trends.
                                                    financial sector
                                                    reform.
Program Administration* and           $13,270,000  ...................              $0  ........................
 Control, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------
                                     Country: Nicaragua Year: 2007 Quarter 1
                                         Total Obligation: $174,925,000
       Entity To Which the Assistance Is Provided: MCA Nicaragua Total Quarterly Disbursement: $1,316,000
----------------------------------------------------------------------------------------------------------------
Property Regularization Project..     $26,400,000  Increase Investment              $0  Automated registry-
                                                    by strengthening                     cadastre database
                                                    property rights.                     installed Number of
                                                                                         parcels with a
                                                                                         registered title, rural
                                                                                         and urban (total of
                                                                                         21,000 and 22,000,
                                                                                         rural and urban,
                                                                                         respectively).
                                                                                        Projected areas
                                                                                         demarcated.
                                                                                        Number of projected area
                                                                                         management plans
                                                                                         implemented.
                                                                                        Number of conflicts
                                                                                         resolved by program
                                                                                         mediation.
Transportation Project...........     $92,800,000  Reduce                           $0  N-1 Road: Kilometers of
                                                    transportation                       road upgraded.
                                                    costs between Leon                  Secondary Roads:
                                                    and Chinandega and                   Kilometers of secondary
                                                    national, regional                   road upgraded.
                                                    and global markets.
Rural Business Development            $33,500,000  Increase the value               $0  Rural business
 Project.                                           added of farms and                   development centers:
                                                    enterprises in the                   Value of TA and support
                                                    region.                              services delivered to
                                                                                         program businesses.
                                                                                        Improvement of water
                                                                                         supply for farming and
                                                                                         forest production:
                                                                                         Watershed Management
                                                                                         Action Plan.
                                                                                        Funds disbursed for
                                                                                         improvement of water
                                                                                         supply for farming and
                                                                                         forest production
                                                                                         projects.
Program Administration*, Due          $22,225,000  ...................              $0  ........................
 Diligence, Monitoring and
 Evaluation.
To be allocated**................              $0  ...................      $1,316,000  ........................
----------------------------------------------------------------------------------------------------------------
                                      Country: Georgia Year: 2007 Quarter 1
                                         Total Obligation: $294,693,000
        Entity To Which the Assistance Is Provided: MCA Georgia Total Quarterly Disbursement: $11,768,000
----------------------------------------------------------------------------------------------------------------
Regional Infrastructure              $211,700,000  Key Regional                     $0  Reduction in journey
 Rehabilitation.                                    Infrastructure                       time: Akhalkalaki-
                                                    Rehabilitated.                       Ninotsminda-Teleti
                                                                                         (hours).
                                                                                        Reduction in vehicle
                                                                                         operating costs
                                                                                         (cumulative).
                                                                                        Increase in internal
                                                                                         regional traffic
                                                                                         volumes (cumulative).
                                                                                        Decreased technical
                                                                                         losses.
                                                                                        Reduction in the
                                                                                         production of
                                                                                         greenhouse gas
                                                                                         emissions measured in
                                                                                         tons of CO2 equivalent.
                                                                                        Increased in collection
                                                                                         rate of GGIC.
                                                                                        Number of household
                                                                                         beneficiaries served by
                                                                                         RID projects
                                                                                         (cumulative).
                                                                                        Actual operations and
                                                                                         maintenance
                                                                                         expenditures (USD).
Regional Enterprise Development..     $47,500,000  Enterprises in                   $0  Increase in annual
                                                    Regions Developed.                   revenue in portfolio
                                                                                         companies (in (1,000
                                                                                         USD).
                                                                                        Increase in number of
                                                                                         portfolio company
                                                                                         employees and number of
                                                                                         local suppliers.
                                                                                        Increase in portfolio
                                                                                         companies' wages and
                                                                                         payments to local
                                                                                         suppliers (in 1,000
                                                                                         USD).
                                                                                        Jobs created.
                                                                                        Increase in aggregate
                                                                                         incremental net revenue
                                                                                         to project assisted
                                                                                         firms (in 1,000 USD and
                                                                                         cumulative over five
                                                                                         years).
                                                                                        Direct household net
                                                                                         income (in 1,000 USD
                                                                                         cumulative over five
                                                                                         years).
                                                                                        Direct household net
                                                                                         income for market
                                                                                         information initiative
                                                                                         beneficiaries (in 1,000
                                                                                         USD cumulative over
                                                                                         five years).

[[Page 6779]]

 
                                                                                        Number of beneficiaries.
Program Administration*, Due           35,493,000  ...................              $0  ........................
 Diligence, Monitoring and
 Evaluation.
To be allocated**................              $0  ...................     $11,768,000  ........................
----------------------------------------------------------------------------------------------------------------
                                      Country: Vanuatu Year: 2007 Quarter 1
                                          Total Obligation: $65,690,000
----------------------------------------------------------------------------------------------------------------
              Entity To Which the Assistance Is Provided: MCA Vanuatu Total Quarterly Disbursement:
----------------------------------------------------------------------------------------------------------------
Transportation Infrastructure         $60,690,000  Facilitate                       $0  Traffic volume (average
 Project.                                           transportation to                    annual daily traffic).
                                                    increase tourism                    Days road is closed
                                                    and business                         (number per annum).
                                                    development.
                                                                                        Number of S-W Bay,
                                                                                         Malekula flights
                                                                                         cancelled due to
                                                                                         flooding (per annum).
                                                                                        Time of wharf (hours/
                                                                                         vessel).
Program Administration*, Due           $5,000,000  ...................              $0  ........................
 Diligence, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------
                                      Country: Armenia Year: 2007 Quarter 1
                                         Total Obligation: $235,150,000
         Entity To Which the Assistance Is Provided: MCA Armenia Total Quarterly Disbursement: $882,000
----------------------------------------------------------------------------------------------------------------
Irrigated Agriculture Project....    $145,680,000  Increase                         $0  Increase in hectares
                                                    agricultural                         covered by HVA crops
                                                    productivity and                     (i.e., vegetables,
                                                    improve quality of                   potato, fruits,
                                                    irrigation.                          grapes).
                                                                                        Percentage of
                                                                                         respondents satisfied
                                                                                         with irrigation
                                                                                         services.
                                                                                        Share of WUA water
                                                                                         charges compared WUA
                                                                                         annual operations and
                                                                                         maintenance cost
                                                                                         (percentage).
                                                                                        Number of farmers using
                                                                                         better on-farm water
                                                                                         management: drip
                                                                                         irrigation; ET Gage,
                                                                                         and soil moisture
                                                                                         monitoring.
                                                                                        Loans provided under the
                                                                                         project (USD in
                                                                                         thousands).
Rural Road Rehabilitation Project     $67,100,000  Better access to                 $0  Annual increase in
                                                    economic and                         irrigated land in
                                                    social                               Project area
                                                    infrastructure.                      (hectares).
                                                                                        State budget
                                                                                         expenditures on
                                                                                         maintenance of
                                                                                         irrigation system (AMD
                                                                                         in millions).
                                                                                        Reduction in kilowatt
                                                                                         hours used (thousand
                                                                                         KWh).
                                                                                        Share of water losses
                                                                                         compared to total water
                                                                                         intake (percentage).
                                                                                        Share of WUA water
                                                                                         charges compared to WUA
                                                                                         annual operations and
                                                                                         maintenance cost
                                                                                         (percentage).
Program Administration*, Due          $22,370,000  ...................              $0
 Diligence, Monitoring and
 Evaluation.
To be allocated**................              $0  ...................        $882,000  ........................
----------------------------------------------------------------------------------------------------------------
                                       Country: Benin Year: 2007 Quarter 1
                                         Total Obligation: $305,761,000
         Entity To Which the Assistance Is Provided: MCA Benin Total Quarterly Disbursement: $2,097,000
----------------------------------------------------------------------------------------------------------------
Access to Financial Services.....     $19,650,000  Expand Access to                 $0  Strengthen capacity of
                                                    Financial Services.                  select financial
                                                                                         institutions.
                                                                                        Strengthen monitoring
                                                                                         capacity of Supervisory
                                                                                         Authority.
                                                                                        Total incremental
                                                                                         increase in value of
                                                                                         new credit extended and
                                                                                         savings received by
                                                                                         financial institutions
                                                                                         participating in the
                                                                                         project.
                                                                                        Share value of all loans
                                                                                         outstanding that have
                                                                                         one or more
                                                                                         installments of
                                                                                         principal past due over
                                                                                         30 days.
                                                                                        Total number of loans
                                                                                         guaranteed by land
                                                                                         titles, per year.
Access to Justice................     $34,270,000  Improved Ability of              $0  Increase efficiency and
                                                    Justice System to                    improved services of
                                                    Enforce Contracts                    courts and the
                                                    and Reconcile                        arbitration center.
                                                    Claims.                             Increase access to court
                                                                                         system.

[[Page 6780]]

 
                                                                                        Improve enterprise
                                                                                         registration center.
Access to Land...................     $36,020,000  Strengthen property              $0  Value of investments
                                                    rights and                           made to rural land
                                                    increase                             parcels per year; land
                                                    investment in                        investment data will
                                                    rural and urban                      come from self-reported
                                                    land.                                data through EMICoV.
                                                                                        Value of investments
                                                                                         made to urban land
                                                                                         parcels per year; land
                                                                                         investment data will
                                                                                         come from self-reported
                                                                                         data through EMICoV.
Access to Markets................    $168,020,000  Improve Access to                $0  Total volume of exports
                                                    Markets through                      and imports passing
                                                    Improvements to                      through Port of
                                                    the Port of                          Cotonou, per year in
                                                    Cotonou.                             million metric tons.
Program Administration*, Due          $22,370,000  ...................              $0  ........................
 Diligence, Monitoring and
 Evaluation.
To be allocated**................              $0  ...................      $2,097,000  ........................


----------------------------------------------------------------------------------------------------------------
                                               619 Transfer Funds
-----------------------------------------------------------------------------------------------------------------
    U.S. Agency to which funds were                                                    Description of program or
              transferred                      Amount                Country                    project
----------------------------------------------------------------------------------------------------------------
USAID..................................       $149,670,094  .........................  Threshold Program.
----------------------------------------------------------------------------------------------------------------
*Program administration funds are used to pay items such as salaries, rent, and the cost of office equipment.
**These amounts represent disbursements made that will be allocated to individual projects in the subsequent
  quarter(s) and reported as such in subsequent quarterly report(s).


    Dated: February 7, 2007.
Frances C. McNaught,
Vice President, Congressional & Public Affairs, Millennium Challenge 
Corporation.
 [FR Doc. E7-2447 Filed 2-12-07; 8:45 am]
BILLING CODE 9211-01-P