The Millennium Challenge Corporation (MCC), an independent US agency and the Mauritanian government have signed a $27 million threshold grant agreement.
This landmark deal aims to modernize the country’s energy sector and enhance its resilience.
The agreement was signed by the Millennium Challenge Corporation (MCC) Chief Executive Officer (CEO) Alice Albright and Mauritania Minister of Economy and Finance Sid’ Ahmed Ould Bouh.
The grant program comprises two projects: the Energy Project and the Resilience Project.
The Energy Project will support Mauritania’s ambition to achieve universal access to electricity by 2030.
This will be achieved by improving the capacity of energy sector actors, developing inclusive plans for new energy generation and transmission, and strengthening regulation.
On the other hand, the Resilience Project will enhance Mauritania’s capacity to plan, coordinate, fund, and implement environmental resilience.
This will involve fostering long-term sustainability through practical capacity building and institutional strengthening.
MCC’s CEO, Alice Albright, emphasized the United States’ commitment to supporting Mauritania’s development, citing the country’s progress in strengthening civil liberties and combating hereditary slavery and trafficking in persons.
“From enhancing Mauritania’s security, to supporting democratic development, to increasing energy and economic prosperity, the United States has remained steadfast in its support of Mauritania,” said MCC CEO Alice Albright.
“By investing and pursuing reforms in two critical areas – energy and environmental resilience – the MCC threshold program is poised to improve the lives of all Mauritanians and create a strong and lasting foundation on which the Government of Mauritania can build.”
The grant is a testament to Mauritania’s positive trajectory of reform and its commitment to good governance, fighting corruption, and respecting democratic rights.
With this support, Mauritania is poised to make significant strides in reducing poverty and promoting inclusive economic growth.
Source: https://energynewsafrica.com
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