$362.6 million pledged to Lesotho
June 27, Washington DC: The Millenium Challenge Corporation has approved a five year $362.6 million grant to reduce poverty and increase economic growth in Lesotho.
The Millenium Challenge Corporation (MCC) is a United States government corporation designed to work with some of the poorest countries in the world. It is based on the principle that aid is most effective when it reinforces good governance, economic freedom and investments in people that promote economic growth and elimination of extreme poverty.