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Kosovo loses millions promised by U.S. due to corruption (Kallxo)

By   /  15/12/2016  /  No Comments

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The news website reports that Kosovo has lost millions of U.S. aid due to its failure to efficiently combat corruption. Namely, the Board of the Millennium Challenge Corporation, an independent U.S. government agency working to reduce global poverty through economic growth, has decided to drop Kosovo from the “Compact” program to the “MCC threshold” program, after Kosovo authorities failed to achieve progress in the fight against corruption. “The Board selected Kosovo and Timor-Leste to develop MCC threshold programs, and reselected Togo to continue developing its threshold program,” the MCC said in a statement. “The smaller threshold program gives MCC the opportunity to engage with countries specifically on policy and institutional reform”. A document published on the MCC webpage explains the benefits and differences between the “Compact” and “Threshold” programs. Kosovo was only the third country in Europe selected for Compact, a five-year program with great opportunities for investments in several economic sectors and aimed at generating employment, reducing poverty and helping the fight against corruption. “MCC Threshold” is described as a short-term program that mainly includes limited funds destined for various sectors of a country aimed at preparing it to become a candidate for the “Compact” program. Dropping from the “Compact” to the “Threshold” program will cost Kosovo millions of Euros destined to generate employment and reduce poverty.

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