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11 August 2007
[Federal Register: August 9, 2007 (Volume 72, Number 153)]
[Notices]
[Page 44867-44873]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09au07-98]
=======================================================================
-----------------------------------------------------------------------
MILLENNIUM CHALLENGE CORPORATION
[MCC 07-08]
Notice of Quarterly Report (April 1, 2007-June 30, 2007)
AGENCY: Millennium Challenge Corporation.
SUMMARY: The Millennium Challenge Corporation (MCC) is reporting for
the
[[Page 44868]]
quarter April 1, 2007 through June 30, 2007 with respect to both
assistance provided under Section 605 of the Millennium Challenge Act
of 2003 (Pub. L. 108-199, Division D (the Act)), and transfers of funds
to other federal agencies pursuant to Section 619 of that Act. The
following report shall be made available to the public by means of
publication in the Federal Register and on the Internet Web site of the
MCC (http://www.mcc.gov) in accordance with Section 612(b) of the Act.
Assistance Provided Under Section 605
----------------------------------------------------------------------------------------------------------------
Cumulative
Projects Obligated Objectives disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Madagascar Year: 2007 Quarter 3 Total Obligation: $109,773,000
Entity to which the assistance is provided: MCA Madagascar Total Quarterly Disbursement: 3,485,000
----------------------------------------------------------------------------------------------------------------
Land Tenure Project.............. $37,803,000 Increase Land $2,279,000 Legislative proposal
Titling and (``loin de cadrage'')
Security. reflecting the PNF
submitted to Parliament
and passed.
Percentage of land
documents inventoried,
restored, and/or
digitized.
Average time and cost
required to carry out
property-related
transactions at the
local and/or national
land services offices.
Time/cost to respond to
information request,
issue titles and to
modify titles after the
first land right.
Number of land disputes
reported and resolved
in the target zones and
sites of
implementation.
Percentage of land in
the zones that is
demarcated and ready
for titling.
Promote knowledge and
awareness of land
tenure reforms among
inhabitants in the
zones (surveys).
Finance Project.................. $35,888,000 Increase $1,495,000 Submission to Parliament
Competition in the and passage of new laws
Financial Sector. recommended by outside
experts and relevant
commissions.
CPA Association (CSC)
list of accountants
registered.
Maximum check clearing
delay.
Volume of funds in
payment system and
number of transactions.
Public awareness of new
financial instruments
(surveys).
Report of credit and
payment information to
a central database.
Number of holders of new
denomination T-bill
holdings, and T-bill
issuance outside
Antananarivo as
measured by Central
Bank report of
redemption date.
Volume of production
covered by warehouse
receipts in the zones.
Volume of MFI lending in
the zones.
MFI portfolio-at-risk
delinquency rate.
Number of new bank
accounts in the zones.
Agricultural Business Investment $17,683,000 Improve $2,607,000 Number of rural
Project. Agricultural producers receiving or
Projection soliciting information
Technologies and from ABCs about the
Market Capacity in opportunities.
Rural Areas. Zones identified and
description of
beneficiaries within
each zone submitted.
Number of cost-effective
investment strategies
developed.
Number of plans
prepared.
Number of farmers and
business employing
technical assistance
received.
Program Administration* and $18,399,000 ................... $8,076,000
Control, Monitoring and
Evaluation.
Pending Subsequent Report **..... .............. ................... $3,499,000
----------------------------------------------------------------------------------------------------------------
[[Page 44869]]
Cumulative
Projects Obligated Objectives disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Honduras Year: 2007 Quarter 3 Total Obligation: $215,000,000
Entity to which the assistance is provided: MCA Honduras Total Quarterly Disbursement: $3,497,000
----------------------------------------------------------------------------------------------------------------
Rural Development Project........ *$72,195,000 Increase the $5,264,000 Hours of technical
productivity and assistance delivered to
business skills of Program Farmers
farmers who (thousands).
operate small and Funds lent by MCA-
medium-size farms Honduras to financial
and their institutions
employees. (cumulative).
Hours of technical
assistance to financial
institutions
(cumulative).
Lien Registry equipment
installed.
Kilometers of farm-to-
market road upgraded
(cumulative).
Transportation Project........... $125,700,000 Reduce $478,000 Kilometers of highway
transportation upgraded.
costs between Kilometers of secondary
targeted road upgraded.
production centers Number of weight
and national, stations built.
regional and
global markets.
Program Administration* and $17,105,000 ................... $1,253,000
Control, Monitoring and
Evaluation.
Pending Subsequent Report **..... .............. ................... $2,290,000
----------------------------------------------------------------------------------------------------------------
Cumulative
Projects Obligated Objectives disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Cape Verde Year: 2007 Quarter 3 Total Obligation: $110,078,000
Entity to which the assistance is provided: MCA Cape Verde Total Quarterly Disbursement: $2,077,000
----------------------------------------------------------------------------------------------------------------
Watershed and Agricultural $10,848,000 Increase $247,000 Productivity:
Support. agricultural Horticulture (tons per
production in hectare).
three targeted Value-added for farms
watershed areas on and agribusiness
three islands. (millions of dollars).
Infrastructure Improvement....... $78,760,000 Increase $4,084,000 Volume of goods shipped
integration of the between Praia and other
internal market islands (tons).
and reduce Mobility Ratio:
transportation Percentage of
costs. beneficiary population
who take at least 5
trips per month.
Savings on transport
costs from improvements
(million dollars).
Private Sector Development....... $7,200,000 Spur private sector $88,000 Value added in priority
development on all sectors above current
islands through trends (escudos)
increased Volume of private
investment in the investment in priority
priority sectors sectors above current
and through trends.
financial sector
reform.
Program Administration* and $13,270,000 ................... $4,979,000
Control, Monitoring and
Evaluation.
Pending Subsequent Report **..... .............. ................... $3,815,000
----------------------------------------------------------------------------------------------------------------
Cumulative
Projects Obligated Objectives disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Nicaragua Year: 2007 Quarter 3 Total Obligation: $174,925,000
Entity to which the assistance is provided: MCA Nicaragua Total Quarterly Disbursement: $2,300,000
----------------------------------------------------------------------------------------------------------------
Property Regularization Project.. $26,400,000 Increase Investment $685,000 Automated registry-
by strengthening cadastre database
property rights. installed.
Number of parcels with a
registered title, rural
and urban (total of
21,000 and 22,000,
rural and urban,
respectively).
Projected areas
demarcated.
Number of projected area
management plans
implemented.
Number of conflicts
resolved by program
mediation.
Transportation Project........... $92,800,000 Reduce $58,000 N-1 Road: Kilometers of
transportation road upgraded.
costs between Leon Secondary Roads:
and Chinandega and Kilometers of secondary
national, regional road upgraded.
and global markets.
[[Page 44870]]
Rural Business Development $33,500,000 Increase the value $1,623,000 Rural business
Project. added of farms and development centers:
enterprises in the Value of TA and support
region. services delivered to
program businesses.
Improvement of water
supply for farming and
forest production:
Watershed Management
Action Plan.
Funds disbursed for
improvement of water
supply for farming and
forest production
projects.
Program Administration*, Due $22,225,000 ................... $2,700,000
Diligence, Monitoring and
Evaluation.
Pending Subsequent Report **..... $0 ................... $2,445,000
----------------------------------------------------------------------------------------------------------------
Cumulative
Projects Obligated Objectives disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Georgia Year: 2007 Quarter 3 Total Obligation: $294,693,000
Entity to which the assistance is provided: MCA Georgia Total Quarterly Disbursement: $3,500,000
----------------------------------------------------------------------------------------------------------------
Regional Infrastructure $211,700,000 Key Regional $13,330,000 Reduction in journey
Rehabilitation. Infrastructure time: Akhalkalaki-
Rehabilitated. Ninotsminda-Teleti
(hours).
Reduction in vehicle
operating costs
(cumulative).
Increase in internal
regional traffic
volumes (cumulative).
Decreased technical
losses.
Reduction in the
production of
greenhouse gas
emissions measured in
tons of CO2 equivalent.
Increased in collection
rate of GGIC.
Number of household
beneficiaries served by
RID projects
(cumulative).
Actual operations and
maintenance
expenditures (USD).
Regional Enterprise Development.. $47,500,000 Enterprises in $6,439,000 Increase in annual
Regions Developed. revenue in portfolio
companies (in 1,000
USD)
Increase in number of
portfolio company
employees and number of
local suppliers.
Increase in portfolio
companies'' wages and
payments to local
suppliers (in 1,000
USD).
Jobs created.
Increase in aggregate
incremental net revenue
to project assisted
firms (in 1,000 USD and
cumulative over five
years).
Direct household net
income (in 1,000 USD
cumulative over five
years).
Direct household net
income for market
information initiative
beneficiaries (in 1,000
USD cumulative over
five years).
Number of beneficiaries.
Program Administration*, Due $35,493,000 ................... $4,806,000
Diligence, Monitoring and
Evaluation.
Pending Subsequent Report **..... $0 ................... $4,462,000
----------------------------------------------------------------------------------------------------------------
Cumulative
Projects Obligated Objective disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Vanuatu Year: 2007 Quarter 3 Total Obligation: $65,690,000
Entity to which the assistance is provided: MCA Vanuatu Total Quarterly Disbursement: $0
----------------------------------------------------------------------------------------------------------------
Transportation Infrastructure $60,690,000 Facilitate $2,000 Traffic volume (average
Project. transportation to annual daily traffic).
increase tourism Days road is closed
and business (number per annum).
development. Number of S-W Bay,
Malekula flights
cancelled due to
flooding (per annum).
Time of wharf (hours/
vessel).
[[Page 44871]]
Program Administration*, Due $5,000,000 ................... $1,035,000
Diligence, Monitoring and
Evaluation.
Pending Subsequent Report **..... .............. ................... $684,000
----------------------------------------------------------------------------------------------------------------
Cumulative
Projects Obligated Objective disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Armenia Year: 2007 Quarter 3 Total Obligation: $235,150,000
Entity to which the assistance is provided: MCA Armenia Total Quarterly Disbursement: $2,157,000
----------------------------------------------------------------------------------------------------------------
Irrigated Agriculture Project.... $145,680,000 Increase $2,496,000 Increase in hectares
agricultural covered by HVA crops
productivity and (i.e., vegetables,
Improve Quality of potato, fruits,
Irrigation. grapes).
Percentage of
respondents satisfied
with irrigation
services.
Share of WUA water
charges compared WUA
annual operations and
maintenance cost
(percentage).
Number of farmers using
better on-farm water
management: drip
irrigation; ET Gage,
and soil moisture
monitoring.
Loans provided under the
project (USD in
thousands).
Rural Road Rehabilitation Project $67,100,000 Better access to $445,000 Annual increase in
economic and irrigated land in
social Project area
infrastructure. (hectares).
State budget
expenditures on
maintenance of
irrigation system (AMD
in millions).
Reduction in Kilowatt
hours used (thousand
KWh).
Share of water losses
compared to total water
intake (percentage).
Share of WUA water
charges compared to WUA
annual operations and
maintenance cost
(percentage).
Program Administration*, Due $22,370,000 ................... $1,382,000
Diligence, Monitoring and
Evaluation.
Pending Subsequent Report **..... $0 ................... $1,425,000
----------------------------------------------------------------------------------------------------------------
Cumulative
Projects Obligated Objective disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Benin Year: 2007 Quarter 3 Total Obligation: $305,761,000
Entity to which the assistance is provided: MCA Benin Total Quarterly Disbursement: $1,872,000
----------------------------------------------------------------------------------------------------------------
Access to Financial Services..... $19,650,000 Expand Access to $271,000 Strengthen capacity of
Financial Services. select financial
institutions.
Strengthen monitoring
capacity of Supervisory
Authority.
Total incremental
increase in value of
new credit extended and
savings received by
financial institutions
participating in the
project.
Share value of all loans
outstanding that have
one or more
installments of
principal past due over
30 days.
Total number of loans
guaranteed by land
titles, per year.
Access to Justice................ $34,270,000 Improved Ability of $76,000 Increase efficiency and
Justice System to improved services of
Enforce Contracts courts and the
and Reconcile arbitration center.
Claims. Increase access to court
system.
Improve enterprise
registration center.
Access to Land................... $36,020,000 Strengthen property $45,000 Value of investments
rights and made to rural land
increase parcels per year; land
investment in investment data will
rural and urban come from self-reported
land. data through EMICoV.
Value of investments
made to urban land
parcels per year; land
investment data will
come from self-reported
data through EMICoV.
[[Page 44872]]
Access to Markets................ $168,020,000 Improve Access to $4,000 Total volume of exports
Markets through and imports passing
Improvements to through Port of
the Port of Cotonou, per year in
Cotonou. million metric tons.
Program Administration*, Due $22,370,000 ................... $2,770,000
Diligence, Monitoring and
Evaluation.
Pending Subsequent Report **..... $0 ................... 2,159,000
----------------------------------------------------------------------------------------------------------------
Cumulative
Projects Obligated Objective disbursements Measures
----------------------------------------------------------------------------------------------------------------
Country: Ghana Year: 2007 Quarter 3 Total Obligation: $536,639,000
Entity to which the assistance is provided: MCA Ghana Total Quarterly Disbursement: $2,174,000
----------------------------------------------------------------------------------------------------------------
Agriculture Project.............. $239,552,000 Enhance $0 Number of hectares
Profitability of irrigated.
cultivation, Number of days to
services to conduct a land
agriculture and transaction.
product handling Number of land disputes
in support of the in the pilot
expansion of registration districts.
commercial Registration of land
agriculture among rights in the pilot
groups of registration districts.
smallholder farms. Volume of products
passing through post-
harvest treatment
(metric tons).
Portfolio-at-risk of
agriculture loan fund.
Value of loans disbursed
to clients from
agricultural loan fund
(US$).
Number of additional
loans.
Vehicle operating costs
(on roads requiring
minor, medium and major
rehabilitation).
Rural Development................ $101,288,000 Strengthen the $0 Time/quality per
rural institutions procurement.
that provide Score card of citizen
services satisfaction with
complementary to, services.
and supportive of, Gross enrollment rates.
agricultural and Gender parity in school
agriculture enrollment.
business Distance to collect
development. water.
Time to collect water.
Distance to sanitation
facility.
Travel time to
sanitation facility.
Incidence of guinea
worm, diarrhea or
bilharzias.
Average number of days
lost due to guinea
worm, diarrhea or
bilharzias.
Percentage of
households, schools,
and agricultural
processing plants in
target districts with
electricity.
Number of inter-bank
transactions.
Value of deposit
accounts in rural
banks.
Transportation................... $136,804,000 Reduce the $0 Volume capacity ratio.
transportation Vehicles per hour at
costs affecting peak hour.
agriculture Travel time at peak
commerce at sub- hour.
regional levels. International roughness
index.
Annual average daily
traffic.
Travel time for walk-on
passengers and small
vehicles.
Travel time for trucks.
Program Administration*, Due $22,370,000 ................... $0
Diligence, Monitoring and
Evaluation.
Pending Subsequent Report **..... .............. ................... $2,915,000
----------------------------------------------------------------------------------------------------------------
* Program administration funds are used to pay items such as salaries, rent, and the cost of office equipment.
** Pending subsequent report amounts represent funds that have been disbursed to the country for specific
projects and activities that will be reported by project in the subsequent quarterly.
----------------------------------------------------------------------------------------------------------------
619 Transfer funds
-------------------------------------------------------------------------
U.S. agency to which funds were Description of program
transferred Amount or project
------------------------------------------------------------------------
$0
------------------------------------------------------------------------
[[Page 44873]]
Dated: August 3, 2007.
Frances C. McNaught,
Vice President, Congressional and Public Affairs, Millennium Challenge
Corporation.
[FR Doc. 07-3879 Filed 8-8-07; 8:45 am]
BILLING CODE 9211-03-P