Malawi Transport and Land Compact
MCC Malawi Transport and Land Compact Signing
Sec. Blinken hosts President Chakwera and MCC CEO for USD $350 million compact signing
Malawi is a landlocked country in southeast, sub-Saharan Africa, which gained independence from the United Kingdom in 1964. Historically a strong democracy, Malawi has enjoyed policy stability compared to many of its regional peers.
Malawi completed a $350.7 million energy-focused compact in September 2018, meeting compact targets and moving the energy sector closer to long-term sustainability. In December 2018, MCC’s Board of Directors selected Malawi as eligible to develop a subsequent compact in recognition of Malawi’s strong scorecard performance, robust partnership with MCC, and success in completing its first compact.
MCC and the Government of Malawi together identified the country’s key constraints to economic growth, which drive the focus of this $350 million compact in addressing the high price of road freight transport service and access to land for investment.
Financials
Compact Budget
Milestones
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Signed:
September 28, 2022
Compact Projects
As of October 24, 2022