MCC Threshold: Implementing Body Officially Launched

Economic governance
Thursday, 02 September 2021 16:51
MCC Threshold: Implementing Body Officially Launched

(Togo First) - OMCA-Togo, the entity in charge of implementing the Millennium Challenge Corporation Threshold in Togo, officially started its activities on Sept. 1. The government and MCC proceeded to the launch.

OMCA will work on implementing reforms aimed at bolstering the land and ICT sectors in Togo. These are the two sectors on which the Threshold deal, sealed in 2019, covers. The amount allocated to the program is $35 million. 

“This program comes right on time because the government has new priorities set under its 2020-2025 roadmap,” said Sani Yaya, minister of economy and finance. He further noted that Togo has “made significant progress in the sectors covered by the Threshold.” The official refers to the overhaul of the code on private and state-owned land and the re-dynamization of the telecom and posts regulator - ARCEP. 

OMCA-Togo has a board of 12 members, chaired by Bougonou N’gname. Its long-term target is MCC’s Compact Program.

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