# Notice of Quarterly Report (April 1, 2007-June 30, 2007)
**AGENCY:**
Millennium Challenge Corporation.
**SUMMARY:**
The Millennium Challenge Corporation (MCC) is reporting for the 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 ( *www.mcc.gov* ) in accordance with Section 612(b) of the Act.
| Projects | Obligated | Objectives | Cumulative | 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 Titling and Security | $2,279,000 | Legislative proposal (“loin de cadrage”) reflecting the PNF submitted to Parliament and passed. |
| Finance Project | $35,888,000 | Increase Competition in the Financial Sector | $1,495,000 | Submission to Parliament and passage of new laws recommended by outside experts and relevant commissions. |
| | | | | 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 Project | $17,683,000 | Improve Agricultural Projection Technologies and Market Capacity in Rural Areas | $2,607,000 | Number of rural producers receiving or soliciting information from ABCs about the opportunities. |
| Program Administration* and Control, Monitoring and Evaluation | $18,399,000 | | $8,076,000 | |
| Pending Subsequent Report ** | | | $3,499,000 | |
| Projects | Obligated | Objectives | Cumulative | 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 productivity and business skills of farmers who operate small and medium-size farms and their employees | $5,264,000 | Hours of technical assistance delivered to Program Farmers (thousands). |
| Transportation Project | $125,700,000 | Reduce transportation costs between targeted production centers and national, regional and global markets | $478,000 | Kilometers of highway upgraded. |
| Program Administration* and Control, Monitoring and Evaluation | $17,105,000 | | $1,253,000 | |
| Pending Subsequent Report ** | | | $2,290,000 | |
| Projects | Obligated | Objectives | Cumulative | 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 Support | $10,848,000 | Increase agricultural production in three targeted watershed areas on three islands | $247,000 | Productivity: Horticulture (tons per hectare). |
| Infrastructure Improvement | $78,760,000 | Increase integration of the internal market and reduce transportation costs | $4,084,000 | Volume of goods shipped between Praia and other islands (tons). |
| Private Sector Development | $7,200,000 | Spur private sector development on all islands through increased investment in the priority sectors and through financial sector reform | $88,000 | Value added in priority sectors above current trends (escudos) |
| Program Administration* and Control, Monitoring and Evaluation | $13,270,000 | | $4,979,000 | |
| Pending Subsequent Report ** | | | $3,815,000 | |
| Projects | Obligated | Objectives | Cumulative | 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 by strengthening property rights | $685,000 | Automated registry-cadastre database installed. |
| Transportation Project | $92,800,000 | Reduce transportation costs between Leon and Chinandega and national, regional and global markets | $58,000 | N-1 Road: Kilometers of road upgraded. |
| Rural Business Development Project | $33,500,000 | Increase the value added of farms and enterprises in the region | $1,623,000 | Rural business development centers: Value of TA and support services delivered to program businesses. |
| Program Administration*, Due Diligence, Monitoring and Evaluation | $22,225,000 | | $2,700,000 | |
| Pending Subsequent Report ** | $0 | | $2,445,000 | |
| Projects | Obligated | Objectives | Cumulative | 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 Rehabilitation | $211,700,000 | Key Regional Infrastructure Rehabilitated | $13,330,000 | Reduction in journey time: Akhalkalaki-Ninotsminda-Teleti (hours). |
| | | | | 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 Regions Developed | $6,439,000 | Increase in annual revenue in portfolio companies (in 1,000 USD) |
| | | | | 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 Diligence, Monitoring and Evaluation | $35,493,000 | | $4,806,000 | |
| Pending Subsequent Report ** | $0 | | $4,462,000 | |
| Projects | Obligated | Objective | Cumulative | 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 Project | $60,690,000 | Facilitate transportation to increase tourism and business development | $2,000 | Traffic volume (average annual daily traffic). |
| Program Administration*, Due Diligence, Monitoring and Evaluation | $5,000,000 | | $1,035,000 | |
| Pending Subsequent Report ** | | | $684,000 | |
| Projects | Obligated | Objective | Cumulative | 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 agricultural productivity and Improve Quality of Irrigation | $2,496,000 | Increase in hectares covered by HVA crops (i.e., vegetables, potato, fruits, grapes). |
| Rural Road Rehabilitation Project | $67,100,000 | Better access to economic and social infrastructure | $445,000 | Annual increase in irrigated land in Project area (hectares). |
| Program Administration*, Due Diligence, Monitoring and Evaluation | $22,370,000 | | $1,382,000 | |
| Pending Subsequent Report ** | $0 | | $1,425,000 | |
| Projects | Obligated | Objective | Cumulative | 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 Financial Services | $271,000 | Strengthen capacity of select financial institutions. |
| Access to Justice | $34,270,000 | Improved Ability of Justice System to Enforce Contracts and Reconcile Claims | $76,000 | Increase efficiency and improved services of courts and the arbitration center. |
| Access to Land | $36,020,000 | Strengthen property rights and increase investment in rural and urban land | $45,000 | Value of investments made to rural land parcels per year; land investment data will come from self-reported data through EMICoV. |
| Access to Markets | $168,020,000 | Improve Access to Markets through Improvements to the Port of Cotonou | $4,000 | Total volume of exports and imports passing through Port of Cotonou, per year in million metric tons. |
| Program Administration*, Due Diligence, Monitoring and Evaluation | $22,370,000 | | $2,770,000 | |
| Pending Subsequent Report ** | $0 | | 2,159,000 | |
| Projects | Obligated | Objective | Cumulative | 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 Profitability of cultivation, services to agriculture and product handling in support of the expansion of commercial agriculture among groups of smallholder farms | $0 | Number of hectares irrigated. |
| Rural Development | $101,288,000 | Strengthen the rural institutions that provide services complementary to, and supportive of, agricultural and agriculture business development | $0 | Time/quality per procurement. |
| Transportation | $136,804,000 | Reduce the transportation costs affecting agriculture commerce at sub-regional levels | $0 | Volume capacity ratio. |
| | | | | Travel time for trucks. |
| Program Administration*, Due Diligence, Monitoring and Evaluation | $22,370,000 | | $0 | |
| 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 transferred | Amount | Description of program or project |
| --- | --- | --- | --- |
| | $0 | | |
Dated: August 3, 2007.
Frances C. McNaught,
Vice President, Congressional and Public Affairs, Millennium Challenge Corporation.