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The Millennium Challenge Corporation (‘’MCC”) and the
Government of the Kingdom of Lesotho have entered into a
$362.5 million Compact for Millennium Challenge Account
(MCA) assistance to help facilitate poverty reduction
through economic growth in Lesotho. The Government acting
through the Millennium Challenge Account - Lesotho Authority
(MCA - Lesotho) is implementing the Compact, which aims at
providing water supplies for industrial and domestic use,
improving watershed management, improving health outcomes
and productivity through strengthening the health system,
and removing barriers to foreign and local private sector
investment.
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The Compact Goal |
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The goal of this
Compact is to reduce poverty in Lesotho through economic
growth.
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Program Objectives |
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The objectives
of this Program are to:
(a) Improve the water supply for industrial and domestic
needs and enhance urban and rural livelihoods through
improved watershed management;
(b) Increase access to life-extending anti-retroviral
therapy and essential health services by providing a
sustainable delivery platform; and
(c) Stimulate investment by improving access to credit,
reducing transaction costs and increasing the participation
of women in the economy. |