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Cicilline recognizes success of Millenium Challenge funds in Cape Verde (VIDEO)PrintE-mail
Monday, 25 July 2011
Written by FORCV

Congressman Supports Second MCC Compact for Cape Verde, Other Compliant Countries

(Photo: Congressman Cicilline's official Facebook page)
(Photo: Congressman Cicilline's official Facebook page)

WASHINGTON, DC -- The U.S. House Foreign Affairs Committee recently adopted an amendment offered by U.S. Congressman David Cicilline (D-RI) relating to the success of the Millennium Challenge Corporation (MCC) funds in Cape Verde.

Congressman Cicilline’s amendment outlines the success of the MCC’s first compact in Cape Verde, highlighting how these funds have played a crucial role in helping to transform Cape Verde’s economy and help the country create sustainable growth. The amendment further recognizes the tremendous progress Cape Verde has made and expresses the sense of Congress that a second compact would help Cape Verde build upon the accomplishments of their first compact.

Congressman Cicilline’s amendment was offered this week during the U.S. House Foreign Affairs Committee markup of the Fiscal Year 2011 Foreign Relations Authorization Act and on behalf of the Cape Verdean community in his congressional district.

Congressman Cicilline’s remarks, upon offering the amendment, follow:

“Madame Chair, I seek recognition for the purpose of offering an amendment.

“My amendment is ‘sense of Congress’ language describing the success of the Millennium Challenge Corporation’s (MCC) first compact in Cape Verde.

“MCC funding is based upon an assessment of a country’s political, social and economic conditions in order to promote sustainable economic growth. In order for a country to be selected as eligible for an MCC program, it must demonstrate a commitment to just and democratic governance, investments in its people, and economic freedom as measured by 17 different policy indicators, including control of corruption and commitment to rule of law.

“In Cape Verde, the Millennium Challenge strategy focuses on microfinance development and improved access to credit for farmers.

“The Millennium Challenge has played a crucial role in helping to transform Cape Verde’s economy and to help it create sustainable growth.

“My amendment simply recognizes the tremendous progress Cape Verde has made and expresses the sense of Congress that a second compact would help Cape Verde build upon the accomplishments of their first compact and serve as a way to leverage our first investment and build upon its success.

“The award to Cape Verde demonstrates that MCC adheres strictly to its indicators – it’s about achieving results and investing in countries where our aid will be most effective, requiring tremendous accountability and transparency in this initiative.

“By showing that even a small country can get an MCC compact, it acts as an incentive to other countries that they too have a chance to compete and that their policies and their commitment to sustainable, market driven changes really matter.

“I urge my colleagues to support this amendment.”

See the video of the Congressman's amendment:

Source: Press Release from the Office of Congressman




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