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June 26, 2007
MCC's First Full Board Meeting to Approve New Compacts
Posted by Sarah Rose at 12:49 PM
The two new candidates nominated to serve on MCC's Board of Directors, Alan Patricof and Lorne Craner, were confirmed by the Senate on June 22. This will make tomorrow's (June 27th) board meeting MCC's first ever with a full board of directors. On the agenda is discussion of the budget, an implementation update, and the approval of two new compacts: Mozambique and Lesotho. Mozambique's compact (estimated at $500 million) includes programs for water and sanitation, roads, improved land administration, and agribusiness development. Lesotho's compact (estimated at $362 million) includes programs for health care infrastructure, rural and urban water infrastructure, and private sector development. Not on the docket for this board meeting, but projected to sign at the end of August is Morocco. Originally estimated to be over $700 million, recent revisions show it will likely be closer to $650 million. The compact will focus on market infrastructure, financial sector support and support for small business development and growth.
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Comments
Just curious - do you know about Ken Hackett? As a former CRS employee, I was curious whether he's been renewed or not. I agree with your earlier analysis that he has a great and health perspective.
He's currently not on the board roster on the MCC web-site, but I haven't seen any announcements.
Posted by: Eric at August 15, 2007 12:33 PM
Ken Hackett's first term officially ended July 31 and although the Senate recommended his renomination for a second term, the White House has not confirmed that renomination. I believe it is simply a matter of time before the White House confirms him and that until that time, the MCC is being procedurally precise.
Posted by: Sheila Herrling at August 16, 2007 09:42 PM