Namibia set to gain from new US aid plan

IOL: "Namibia will be one of the few African countries to receive funding from the new United States development aid program, the Millennium Challenge Account (MCA).Other African countries chosen are Burkina Faso, Ghana, Lesotho and the Gambia. There are only 23 countries eligible to receive MCA funding.The director general of the National Planning Commission (NPC), Helmut Angula, said the funding proposals were expected to be completed soon.

The Millennium Challenge Corporation (MCC) was established by US President George Bush in 2004 to work in partnership with developing countries to reduce poverty and encourage sustainable economic growth.It is a new approach to development assistance that is based on the principle that aid is most effective when it reinforces good governance and sound political, economic, and social policies that promote poverty reduction through economic growth."