# Notice of Quarterly Report (January 1, 2006—March 31, 2006)
**AGENCY:**
Millennium Challenge Corporation.
**SUMMARY:**
The Millennium Challenge Corporation (MCC) is reporting for the quarter January 1, 2006 through March 31, 2006 with respect to either assistance provided under section 605 of the Millennium Challenge Act of 2003 (Pub. L. 108-199, Division D (the Act)), or 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.
| Projects | Obligated | Objectives | Quarterly disbursements | Measures |
| --- | --- | --- | --- | --- |
| Country: Madagascar Year: 2006 Quarter 2 Total Obligation: $109,773,000 | | | | |
| Entity to which the assistance is provided: MCA Madagascar Total Quarterly Disbursement: $0 million | | | | |
| Land Tenure Project | $37.803 mil | Increase Land Titling and Security | $0 | Legislative proposal (“loin de cadrage”) reflecting the PNF submitted to Parliament and passed. |
| Finance Project | $35.888 mil | Increase Competition in the Financial Sector | $0 | Submission to Parliament and passage of new laws recommended by outside experts and relevant commissions. |
| Agricultural Business Investment Project | $17.683 mil | Improve Agricultural Projection Technologies and Market Capacity in Rural Areas | $0 | Number of rural producers receiving or soliciting information from ABCs about the opportunities. |
| Program Administration and Control, Monitoring and Evaluation | $18.399 mil | | $0 | |
| Program objective | Obligated | Program goal | Disbursements | Measures |
| --- | --- | --- | --- | --- |
| Country: Honduras Year: 2006 Quarter 2 Total Obligation: $215,000,000 | | | | |
| Entity to which the assistance is provided: MCA Honduras Total Quarterly Disbursement: $1,646 million | | | | |
| Rural Development Project | $72.195 mil | Increase the productivity and business skills of farmers who operate small and medium-size farms and their employees. | $283,000 | Hours of technical assistance delivered to Program Farmers (thousands). |
| Transportation Project | $125.700 mil | Reduce transportation costs between targeted production centers and national, regional and global markets. | $273,000 | Kilometers of highway upgraded. |
| Program Administration and Control, Monitoring and Evaluation | $17.105 mil | | $1.090 mil | |
| Projects | Obligated | Objectives | Quarterly disbursements | Measures |
| --- | --- | --- | --- | --- |
| Country: Cape Verde Year: 2006 Quarter 2 Total Obligation: $110,078,000 | | | | |
| Entity to which the assistance is provided: MCA Cape Verde Total Quarterly Disbursement: $0 million | | | | |
| Watershed and Agricultural Support | $10.848 mil | Increase agricultural production in three targeted watershed areas on three islands | $0 | Productivity: Horticulture (tons per hectare) |
| Infrastructure Improvement | $78.760 mil | Increase integration of the internal market and reduce transportation costs | $0 | Volume of goods shipped between Praia and other islands (tons). |
| Private Sector Development | $7.200 mil | Spur private sector development on all islands through increased investment in the priority sectors and through financial sector reform | $0 | Value added in priority sectors above current trends (escudos) |
| Program Administration and Control, Monitoring and Evaluation | $13.270 mil | | $0 | |
| 619 Transfer Funds | U.S. agency to which funds were transferred | Amount | Country | Description of program or project |
| --- | --- | --- | --- | --- |
| N/A | N/A | N/A | N/A | |
Dated: April 28, 2006.
Frances C. McNaught,
Vice President, Congressional and Public Affairs, Millennium Challenge Corporation.