[Federal Register Volume 87, Number 194 (Friday, October 7, 2022)]
[Notices]
[Pages 61102-61103]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21882]


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MILLENNIUM CHALLENGE CORPORATION

[MCC FR 22-14]


Notice of Entering Into a Compact With the Government of Malawi

AGENCY: Millennium Challenge Corporation.

ACTION: Notice.

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SUMMARY: In accordance with the provisions of the Millennium Challenge 
Act of 2003, as amended, the Millennium Challenge Corporation (MCC) is 
publishing a summary of the Millennium Challenge Compact (Compact) 
between the United States of America and the Republic of Malawi. 
Representatives of MCC and the Government of Malawi executed the 
Compact on September 28, 2022. The complete text of the Compact has 
been posted at: https://assets.mcc.gov/content/uploads/compact-malawi-transport-land.pdf.

(Authority: 22 U.S.C. 7709 (b)(3))

    Dated: October 4, 2022.
Thomas G. Hohenthaner,
Acting VP/General Counsel and Corporate Secretary.

Summary of Malawi Compact

Overview of MCC Malawi Compact

    MCC's five-year, $350,000,000 Compact with the Republic of Malawi 
(Government) aims to reduce poverty through economic growth by 
targeting key binding constraints in the transport and land sectors. 
The Compact will address these constraints through three projects that 
seek to achieve this goal by

[[Page 61103]]

reducing costs of transport in targeted rural areas and improving land 
services. The Government also will contribute approximately $26,250,000 
to support the Compact program.

Project Summaries

    The Compact is comprised of three projects:
    1. Accelerated Growth Corridors Project: The objective of the 
Accelerated Growth Corridors Project is to reduce costs of transport in 
targeted rural areas. The Project includes two activities:
     Road Corridor Improvement Activity: This activity aims to 
target investment in physical upgrades and improvements across 
different classes of roads within four selected corridors to improve 
rural access by addressing road conditions and reducing transport 
costs.
     Policy and Institutional Reform and Capacity Building 
Activity: This activity focuses on assistance to the Government to 
address policy, legislative, institutional, and funding issues to 
ensure that road transport in Accelerated Growth Corridors is well-
maintained and managed.
    2. Increased Land Productivity Project: The objective of the 
Increased Land Productivity Project is to improve land services. The 
Project includes two activities:
     Land Administration Resourcing and Institutions Activity: 
This aims to support analysis, reform, and implementation of reforms to 
expand national land-based revenues, address institutional change, and 
address the land rights records that underpin land institution work.
     City Council Land-Based Revenue Modernization Activity: 
This activity aims to expand coverage and collection of land-based 
revenues, as well as to increase resources for key services and 
increase investment in land. MCC Funding shall support a sequence of 
activities in up to four cities (Lilongwe, Blantyre, Mzuzu, and Zomba).
    3. ACFD Project: The compact program also includes allocation for 
the American Catalyst Facility for Development (ACFD) Project. The 
purpose of this funding is to facilitate U.S. International Development 
Finance Corporation (DFC) investments in Malawi. MCC and DFC will 
discuss specific transactions to be supported by the ACFD Project which 
shall be agreed to by the Parties in writing after proposals submitted 
by the DFC have undergone the ACFD screening and approvals process. 
Transactions supported by the ACFD Project shall be consistent with the 
missions of both MCC and DFC, as well as all applicable statutory 
requirements and authorities.

Malawi Compact Budget

    The table below presents the Compact budget and sets forth both the 
MCC funding allocation by Compact components and the Government's 
expected $26,250,000 contribution toward the objectives of the Compact.

                       Malawi Compact Total Budget
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                        Component                           MCC funding
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1. Accelerated Growth Corridors Project.................    $244,950,000
    1.1 Road Corridor Improvement Activity..............     228,998,000
    1.2 Policy and Institutional and Capacity Building        15,952,000
     Reform Activity....................................
2. Increased Land Productivity Project..................      44,107,000
    2.1 Land Administration Resourcing and Institutions       20,034,685
     Activity...........................................
    2.2 City Council Land-Based Revenue Modernization         24,072,315
     Activity...........................................
3. American Catalyst Facility for Development...........       8,500,000
4. Monitoring and Evaluation............................       3,000,000
5. Program Management and Administration................      49,443,000
                                                         ---------------
    Total MCC Funding...................................     350,000,000
------------------------------------------------------------------------
        Total compact funding...........................      Amount
------------------------------------------------------------------------
Total MCC Funding.......................................     350,000,000
Government of Malawi Contribution.......................      26,250,000
                                                         ---------------
    Total Compact.......................................     376,250,000
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[FR Doc. 2022-21882 Filed 10-6-22; 8:45 am]
BILLING CODE 9211-03-P