The U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of Togo signed the new $35 million MCC Togo Threshold Program to support economic growth and reduce poverty.
“Today, we recognize an important milestone: the signing of the MCC Togo Threshold Program,” MCC Head of Agency Cynthia Huger said. “This innovative program places Togo’s citizens and the private sector at the heart of the country’s growth strategy, expanding access to the internet and communications technology, especially for underserved areas, women and youth, as well as clarifying land rights. Investments in these areas are critical to supporting democratic governance in the country, and spurring economic growth to reduce poverty to benefit the people of Togo.”
The MCC Togo Threshold Program is designed to improve citizens’ access to high quality and affordable Internet and Communications Technology (ICT) services—both mobile phone services and Internet—by encouraging private sector investment, developing an independent regulatory regime, expanding service to underserved areas, and increasing the use of ICT among women and small businesses.
MCC’s time-limited grant investments promote economic growth and help people rise out of poverty. The threshold program is MCC’s smaller grant program focused on advancing policy and institutional reform that helps partner countries better serve their people. Working with local partners, MCC tackles some of the most pressing challenges that developing countries face, such as infrastructure.
Original source: MCC
Published on 14 February 2019
