MCC Signs Cote d’Ivoire Compact

Filed under: BUSINESS,CULTURE,HEADLINES |

MCC Acting CEO Jonathan Nash, left, and Côte d’Ivoire Minister of Economy and Finance Adama Koné, right, sign the Côte d’Ivoire Compact with Acting Principal Deputy Assistant Secretary of African Affairs Stephanie Sullivan and Côte d’Ivoire President Alassane Ouattara on Tuesday, Nov. 7, 2017, at the U.S. Department of State in Washington, D.C.   Picture: Steve Ruark for MCC

Picture & Story: MCC

On Tuesday, November 7, MCC and the Government of the Republic of Côte d’Ivoire signed a five-year, $524.7 million compact to spur economic growth and reduce poverty in Côte d’Ivoire, supporting regional stability and new business opportunities.

After passing only five of 20 policy indicators in 2013, the Government of Côte d’Ivoire adopted MCC’s scorecard as its roadmap for reform. After Côte d’Ivoire passed MCC’s scorecard in 2015, MCC’s Board of Directors selected the country as eligible to develop a compact. The country’s concerted effort demonstrates the impact MCC’s model and scorecard have in driving policy change globally even before a dollar of taxpayer money is spent – what is known as “the MCC effect”.

MCC’s compact with Côte d’Ivoire is designed to drive growth and private investment by building workforce capacity, reducing transportation costs, and opening new markets. Watch the compact signing ceremony, read MCC’s press release, and learn more about the Côte d’Ivoire Compact.

 

CSIS Spotlights MCC’s Investment in Côte d’Ivoire 

Following the compact signing, Center for Strategic and International Studies (CSIS) President Dr. John Hamre hosted a half-day conference on Wednesday, November 8th, featuring Côte d’Ivoire President Alassane Ouattara and MCC Acting CEO Jonathan Nash to recognize the new Côte d’Ivoire Compact and prospects for growth in the country.

Following a keynote address by President Ouattara, Acting CEO Nash joined a panel discussion alongside President and CEO of the Corporate Council on Africa Florizelle Liser and Secretary General to the President of Côte d’Ivoire Minister Patrick Achi for a discussion that highlighted the opportunities presented by the new MCC partnership.


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