Malawi: US cash injection to fight corruption

The US Millennium Challenge Corporation (MCC) and the Malawi government have announced the launch of a US $20.92 million programme aimed at fighting corruption and spurring long-term economic growth and development in the southern African country. MCC vice-president Charles Sethness and Malawi's finance minister, Goodall Gondwe, announced the signing of a Threshold Country Plan (TCP) in Washington on 23 September, according to a US government press release. The MCC, a US government corporation launched last year to work with some of the poorest countries in the world, is based on the principle that aid is most effective when it reinforces good governance, economic freedom, and investments that promote economic growth and eliminate extreme poverty.