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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_img1 Manchester City midfielder Frank Lampard celebrates his brace in the League Cup There were no major shocks in Wednesday’s League Cup third round action, as Manchester City led the way for the Premier League sides with a monumental 7-0 victory over ten-man Sheffield Wednesday.The game was goalless at half-time, but the Etihad Stadium crowd witnessed an attacking masterclass after the break, as both Frank Lampard an Edin Dzeko netted fine braces to book the holders’ spot in the last-16.Man-of-the-match Lampard opened the scoring shortly after the restart after he recreated his famous goal against former club Chelsea by converting a cross from James Milner, with Dzeko soon making it two with a tap-in from Jesus Navas’s pass.Spanish forward Navas then added a goal of his own, dashing past the Owl’s defence and blasting in with a fierce strike.City then took full advantage of Kamil Zayatte’s sending off after he tripped Lampard in the box, as Yaya Toure netted a fourth from the spot, with Dzeko’s header, a debut goal for 17-year-old ‘Mini Messi’ Jose Angel Pozo and another cool Lampard finish sealed an emphatic start to City’s cup defence.Meanwhile, Tottenham left it late to clinch their progression as three goals in the final 20 minutes saw them come from behind to beat Nottingham Forest 3-1.It was another barren first-half at White Hart Lane, but Championship outfit Forest took a deserving lead when 19-year-old Jorge Grant scooped in from close-range on his full debut.Spurs were uninspired throughout but suddenly kicked into life following the introduction of young duo Harry Kane and Ryan Mason, with 23-year-old Mason pulling the hosts level with his first senior goal – a stunning strike from 30-yards.Much-maligned striker Roberto Soldado then put Tottenham in front when he diverted Andros Townsend’s mis-hit shot into the back of the net, with Kane coolly slotting home in stoppage-time to seal victory.Meanwhile, Chelsea had Brazilian playmaker Oscar to thank as his second-half strike proved the winner in a slim 2-1 win over Bolton at Stamford Bridge.Young defender Kurt Zouma put the Blues in front on his debut with a neat finish after some hesitant defending, but the Trotters were level just six minutes later when Matt Mills headed in.Chelsea rallied after the break and, after dominating the chances with 28 to the visitors’ three, Oscar popped up in the 55th minute with a low strike to save the Blues’ bacon.Newcastle needed extra-time to see off Crystal Palace at Selhurst Park, with Paul Dummett’s late diving header handing the ten-man Magpies a 3-2 triumph.Dwight Gayle’s first-half penalty gave the Eagles the lead but two goals from new striker Emmanuel Riviere, one either side of the break, put the visitors in front.Neil Warnock’s stubborn side then grabbed a 90th minute equaliser through Sullay Kaikai to force an additional 30 minutes, but, despite losing Mehdi Abeid to two yellow cards, Dummett stepped up just nine minutes shy of a shoot-out to send Newcastle through.Finally, West Brom netted twice in the final four minutes to secure a last-gasp 3-2 win over Hull City, Saido Berahino’s 88th minute winner putting the Baggies into the next round, while ten-man Brighton ended League Two outfit Burton Albion’s run in the competition with a 3-0 away victory.Capital One Cup third round results:Burton 0-3 BrightonChelsea 2-1 BoltonMan City 7-0 Sheffield WedTottenham 3-1 Nottingham ForestCrystal Palace 2-3 NewcastleWest Brom 3-2 HullClick here to see the full League Cup last-16 drawlast_img read more

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