Millennium Challenge Corporation 2005 – Federal Register Recent Federal Regulation Documents

The Millennium Challenge Corporation (MCC) is reporting for the quarter July 1, 2005 through September 30, 2005, with respect to either assistance provided under Section 605 of the Millennium Challenge Act of 2003 (Pub. L. 108-199, Division D (the Act)), or transfers of funds to other federal agencies pursuant to Section 619 of that Act. The following report shall be made available to the public by means of publication in the Federal Register and on the Internet Web site of the MCC (https://www.mcc.gov) in accordance with Section 612(b) of the Act.

This report to Congress is provided in accordance with Section 608(b) of the Millennium Challenge Act of 2003, 22 U.S.C.A. 7701, 7707(b) (the ``Act''). The Act authorizes the provision of Millennium Challenge Account (``MCA'') assistance to countries that enter into compacts with the United States to support policies and programs that advance the prospects of such countries achieving lasting economic growth and poverty reduction. The Act requires the Millennium Challenge Corporation (``MCC'') to take a number of steps in determining the countries that, based on their demonstrated commitment to just and democratic governance, economic freedom and investing in their people, will be eligible for MCA assistance during Fiscal Year 2006. These steps include the submission of reports to the congressional committees specified in the Act and the publication of Notices in the Federal Register that identify: 1. The countries that are ``candidate countries'' for MCA assistance during Fiscal Year 2006 based on their per-capita income levels and their eligibility to receive assistance under U.S. law and countries that would be candidate countries but for legal prohibitions on assistance (Section 608(a) of the Act); 2. The criteria and methodology that the Board of Directors of MCC (the ``Board'') will use to measure and evaluate the relative policy performance of the candidate countries consistent with the requirements of Section 607 of the Act in order to select ``eligible countries'' from among the ``candidate countries'' (Section 608(b) of the Act); and 3. The list of countries determined by the Board to be ``eligible countries'' for Fiscal Year 2006, including which of the eligible countries the Board will seek to enter into MCA compacts (Section 608(d) of the Act). This report sets out the criteria and methodology to be applied in determining eligibility for FY06 MCA assistance.

In accordance with Section 610(b)(2) of the Millennium Challenge Act of 2003 (Pub. L. 108-199, Division D), the Millennium Challenge Corporation is publishing a detailed summary and text of the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation, and the Government of the Republic of Nicaragua. Representatives of the United States Government and the Republic of Nicaragua executed the Compact documents on July 14, 2005.

The Millennium Challenge Corporation (MCC) is extending until July 15, 2005, the period for interested persons to submit comments on the March 4, 2005 Notice of Interim Environmental Guidelines For Public Comment (Federal Register, Vol. 70, No. 42, pp. 10690-10693). In the March 4, 2005 Notice, MCC published the full text of its interim Environmental Guidelines and asked for public comments over a 90 day period. This period is being extended through July 15, 2005.

In accordance with Section 610(b)(2) of the Millennium Challenge Act of 2003 (Pub. L. 108-199, Division D), the Millennium Challenge Corporation is publishing a detailed summary and text of the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation, and the Government of the Republic of Honduras. Representatives of the United States Government and the Republic of Honduras executed the Compact documents on June 13, 2005.

In accordance with Section 612(b) of the Millennium Challenge Act of 2003 (Pub. L. 108-199, Division D), the Millennium Challenge Corporation is making its first quarterly report available to the public. The following report covers the quarter beginning October 1, 2004 and ending December 31, 2004.

The Millennium Challenge Corporation (``MCC'') will hold a public information meeting on Monday, February 28, 2005, at the American Society of Association Executives in Washington, DC. The meeting will inform interested parties that MCC is seeking an indicator that measures a country's economic policies that promote the sustainable management of natural resources. MCC Board member Christine Todd Whitman will chair the event, and the MCC Chief Executive Officer and relevant staff will also attend to facilitate discussion.