Tanzania's Compact Signing Ceremony, Feb. 17, 2008

In February 2008, the Millennium Challenge Corporation signed a five-year, $698 million agreement with Tanzania aimed to reduce poverty and stimulate economic growth by increasing household incomes through targeted investments in transportation, energy, and water. The investments in three projects will help Tanzanians address the inadequate transportation network by improving roads that will increase commerce and help connect communities with markets, schools, and health clinics; improve the reliability and quality of electric power and extend electricity service to communities not currently served; and increase the availability and reliability of potable water for domestic and commercial use which will increase health and productivity.

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News & Politics

Tags:

• Africa
• Tanzania
• U.S. government
• poverty reduction
• MCC