MCC Threshold: Togo makes significant progress

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Tuesday, 07 November 2023 16:21
MCC Threshold: Togo makes significant progress

(Togo First) - Togo has made significant progress relative to the threshold program of the Millennium Challenge Corporation (MCC) which the country kicked off two years ago. This is according to the Board of Directors of the Millennium Challenge Account-Togo (MCA-Togo), which held its fifth ordinary meeting last October.

According to Bougonou N'gname Jeanne, Managing Director of MCA-Togo, the two projects launched under the Threshold program are 71% and 100% complete–The first project is the ICT project and the second is the 100% for the Land Reforms for Increased Agricultural Productivity (LRAP) project. Regarding the financial execution rate, it was at 21% at the end of September 2023.

In detail, the ICT project aims to improve access to high-quality, affordable ICT services in Togo, by stimulating competition between service providers. The project benefits from a $20.5 million financing.  The second project, the LRAP, aims to improve land tenure security to increase investment in the agricultural sector, through technical assistance based on a two-pronged approach to improve the application of the Land and Property Code.  It has been allocated $8 million. 

Despite progress made on the project, the MCA-Togo Board seeks to focus more on its MCC Threshold Monetary and Evaluation policy. The latter is a tool that tracks and evaluates the program and related progress, goals, risks, roles, and responsibilities of various actors involved, and overall aims to help the Board achieve its goals. Togo, it should be emphasized, was declared eligible for the MCC Compact Program last December.

Esaïe Edoh

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