West Africa: MCC signs $540 million compact with Senegal

The Millennium Challenge Corporation (MCC) has signed a five-year poverty reduction compact granting $540 million to the Republic of Senegal for road rehabilitation and food security initiatives in some of the poorest regions of Senegal. The grant was signed by the Acting Chief Executive Officer Darius Mans and Senegalese Minister of Finance and Economy Abdoulaye Diop, with the US Secretary of State, Hillary Rodham Clinton and President Abdoulaye Wade of Senegal presiding at the signing held at the US State Department in Washington, D.C.