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first_imgThe Board of Directors of the Millennium Challenge Corporation (MCC) has approved US$256.7 million grant to Liberia under the Millennium Challenge Compact program.The grant was approved during the MCC Board’s annual meeting held on September 7, in Washington D.C and chaired by U.S. Secretary of State John Kerry.The Board’s approval now paves the way for the formal signing of a bi-lateral agreement (to be known as the Liberia Compact) between the Liberian and U.S. governments to be held in the United States by October.It will fund projects in electricity, road maintenance, reforms and capacities building and also replace the damaged water supply line from Mt. Coffee Hydro Plant to the White Plains Water Treatment Plant.Finance and Development Planning Minister Amara M. Konneh will sign on behalf of the Government of Liberia, while Ms. Dana Hyde, CEO of the Millennium Challenge Corporation, will sign on behalf of the US Government.Upon signing, the Compact will be submitted to the Liberian National Legislature for ratification.The Liberian government, through the Ministry of Finance and Development Planning, has welcomed the news and praised the U.S. Government for the Compact Grant, noting that it will significantly impact the lives of ordinary Liberians through poverty reduction, job creation and economic growth.The Finance Ministry noted that Liberia’s road to the Compact began in 2008 with the Threshold Country Program through which the U.S. Government provided US$15 million grant to support the Liberian government’s interventions to increase girls’ primary education completion, land rights and access, and to improve Liberia’s trade policy, all of which have contributed to Liberia’s recovery.The Compact program is competitive, and requires countries to meet key indicators relevant to economic and political governance. These include ‘Governing Justly’, which measures the protection of civil rights including the right to free speech; and ‘Control of Corruption’, measuring government’s transparency and accountability in public financial management. Liberia continues to make progress on those and other key indicators, in spite of the many challenges.Meanwhile MFDP has disclosed that MCC CEO Hyde has telephoned President Ellen Johnson-Sirleaf to inform her of the MCC Board’s decision and congratulated her for Liberia’s success in securing the MCC Compact Grant.The MCC Board has also approved a Compact Grant with Morocco and a Threshold Program with Sierra Leone. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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first_imgUnitedHealth Group today celebrated the grand opening of its new 17,000-square-foot building at Business Park Road in Letterkenny with a ribbon-cutting ceremony.Senior executives of UnitedHealth Group based at the company’s Minnetonka, Minnesota, headquarters, led by Chief Financial Officer and President of UnitedHealth Group Operations David Wichmann attended the official opening.Speaking to invited guests Mr. Wichmann described today’s ceremony as a significant boost to UnitedHealth Group’s growth plans in Letterkenny. “The Letterkenny site garners much attention at our senior meetings in the United States.  The hard work and dedication of the teams here is reflected in the site’s growth since its establishment in 1999.  Back then it just had 30 staff.  Today it boasts 450 staff and growing.“A company such as UnitedHealth Group with 63 offices worldwide, and over 87,000 employees, requires people who lead from the front.  Over the past day and a half, I have personlly witnessed those traits, albeit, a quiet and highly effective leadership team.  I have been extremely impressed by the operations here and the value-add for us as a corporation.Site Director Padraig Monaghan congratulated the staff of UnitedHealth Group and commented on the high-end IT jobs to be filled in the coming months.“We are now the second biggest employer in Letterkenny and offer real opportunities for young graduates. From Letterkenny we service globally  Our strategic location allows us to give 24/7 support to all our clients. This new facility will come on stream in the coming weeks and  we will becontinung to recruti highly-trained and experienced IT and software teams that can grow with our company. “You may have heard me alude to our strong team here in Letterkenny before; but today I reiterate this point, we are a company that runs a world class business,” said Monaghan.Representing the Government, Donegal North East Deputy Joe McHugh described today’s official opening as a very positive news day for County Donegal.“The multi-national sector in Ireland is bucking the trend in terms of jobs growth and this is reflected right here in Letterkenny.  200 jobs represents a significant boost to the local economy, not only for the employees but indirectly it generates millions of euro for the local economy.“I would also like to pay tribute to Padraig Monaghan and his team for their hard work over the years in successfully growing UnitedHealth Group to where it is today. It joins successful companies like Pramerica, Zeus, SITA and Medisize as our success stories in Letterkenny and we salute the commitment of companies such as these to Donegal and the North West.” From Letterkenny UnitedHealth Group supports clients in Europe, the Middle-East, the USA and in Asia, and their strategic location allows them to undertake this support 24/7. The new facility opened today will be home to the company’s new IT teams who will be housed there in the coming weeks and months.During the three-day visit the US Executives also met with Letterkenny Institute of Technology officials and visited Woodlands National School to see a Junior Achievement Project, a programme supported by UnitedHealth Group.UnitedHealth Group’s Letterkenny site currently employs more than 450 people across Claims Operations, Transactions, Quality, Finance, Human resources and IT Functions.  It was established in July 1999 with just 30 employees. AMERICAN COMPANY OPENS NEW OFFICES WITH 200 NEW JOBS ON THE WAY was last modified: May 20th, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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