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 Millennium Challenge Corporation [MCC 07-08]
 AGENCY: Millennium Challenge Corporation.
 SUMMARY: The Millennium Challenge Corporation (MCC) is reporting for the 
                        ( print page 44868)
                        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. Assistance Provided Under Section 605
Projects
Obligated
Objectives
Cumulative
                             disbursements
MeasuresCountry: Madagascar  Year: 2007  Quarter 3  Total Obligation: $109,773,000Entity to which the assistance is provided: MCA Madagascar Total Quarterly Disbursement: 3,485,000Land 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.
                             Percentage of land documents inventoried, restored, and/or digitized. 
                             Average time and cost required to carry out property-related transactions at the local and/or national land services offices. Time/cost to respond to information request, issue titles and to modify titles after the first land right. 
                             Number of land disputes reported and resolved in the target zones and sites of implementation. 
                             Percentage of land in the zones that is demarcated and ready for titling. 
                             Promote knowledge and awareness of land tenure reforms among inhabitants in the zones (surveys).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.
                             CPA Association (CSC) list of accountants registered. 
                             Maximum check clearing delay. 
                             Volume of funds in payment system and number of transactions. 
                             Public awareness of new financial instruments (surveys). 
                             Report of credit and payment information to a central database.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.
                             Zones identified and description of beneficiaries within each zone submitted. 
                             Number of cost-effective investment strategies developed. 
                             Number of plans prepared. 
                             Number of farmers and business employing technical assistance received.Program Administration* and Control, Monitoring and Evaluation
$18,399,000

$8,076,000Pending Subsequent Report **


$3,499,000
 
 
 Projects
Obligated
Objectives
Cumulative
                             disbursements
MeasuresCountry: Honduras  Year: 2007  Quarter 3  Total Obligation: $215,000,000Entity to which the assistance is provided: MCA Honduras  Total Quarterly Disbursement: $3,497,000Rural 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).
                             Funds lent by MCA-Honduras to financial institutions (cumulative). 
                             Hours of technical assistance to financial institutions (cumulative). 
                             Lien Registry equipment installed. 
                             Kilometers of farm-to-market road upgraded (cumulative).Transportation Project
$125,700,000
Reduce transportation costs between targeted production centers and national, regional and global markets
$478,000
Kilometers of highway upgraded.
                             Kilometers of secondary road upgraded. 
                             Number of weight stations built.Program Administration* and Control, Monitoring and Evaluation
$17,105,000

$1,253,000Pending Subsequent Report **


$2,290,000
 Projects
Obligated
Objectives
Cumulative
                             disbursements
MeasuresCountry: Cape Verde  Year: 2007  Quarter 3  Total Obligation: $110,078,000Entity to which the assistance is provided: MCA Cape Verde  Total Quarterly Disbursement: $2,077,000Watershed and Agricultural Support
$10,848,000
Increase agricultural production in three targeted watershed areas on three islands
$247,000
Productivity: Horticulture (tons per hectare).
                             Value-added for farms and agribusiness (millions of dollars).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).
                             Mobility Ratio: Percentage of beneficiary population who take at least 5 trips per month. 
                             Savings on transport costs from improvements (million dollars).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)
                             Volume of private investment in priority sectors above current trends.Program Administration* and Control, Monitoring and Evaluation
$13,270,000

$4,979,000Pending Subsequent Report **


$3,815,000
 Projects
Obligated
Objectives
Cumulative
                             disbursements
MeasuresCountry: Nicaragua  Year: 2007  Quarter 3  Total Obligation: $174,925,000Entity to which the assistance is provided: MCA Nicaragua  Total Quarterly Disbursement: $2,300,000Property Regularization Project
$26,400,000
Increase Investment by strengthening property rights
$685,000
Automated registry-cadastre database installed.
                             Number of parcels with a registered title, rural and urban (total of 21,000 and 22,000, rural and urban, respectively). 
                             Projected areas demarcated. 
                             Number of projected area management plans implemented. 
                             Number of conflicts resolved by program mediation.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.
                             Secondary Roads: Kilometers of secondary road upgraded.( print page 44870)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.
                             Improvement of water supply for farming and forest production: Watershed Management Action Plan. 
                             Funds disbursed for improvement of water supply for farming and forest production projects.Program Administration*, Due Diligence, Monitoring and Evaluation
$22,225,000

$2,700,000Pending Subsequent Report **
$0

$2,445,000
 Projects
Obligated
Objectives
Cumulative
                             disbursements
MeasuresCountry: Georgia  Year: 2007  Quarter 3  Total Obligation: $294,693,000Entity to which the assistance is provided: MCA Georgia  Total Quarterly Disbursement: $3,500,000Regional Infrastructure Rehabilitation
$211,700,000
Key Regional Infrastructure Rehabilitated
$13,330,000
Reduction in journey time: Akhalkalaki-Ninotsminda-Teleti (hours).
                             Reduction in vehicle operating costs (cumulative). 
                             Increase in internal regional traffic volumes (cumulative). 
                             Decreased technical losses. 
                             
                                Reduction in the production of greenhouse gas emissions measured in tons of CO2
                                 equivalent.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)
                             Increase in number of portfolio company employees and number of local suppliers. 
                             Increase in portfolio companies” wages and payments to local suppliers (in 1,000 USD). 
                             Jobs created. 
                             Increase in aggregate incremental net revenue to project assisted firms (in 1,000 USD and cumulative over five years).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

$4,806,000Pending Subsequent Report **
$0

$4,462,000
 Projects
Obligated
Objective
Cumulative
                             disbursements
MeasuresCountry: Vanuatu  Year: 2007  Quarter 3  Total Obligation: $65,690,000Entity to which the assistance is provided: MCA Vanuatu  Total Quarterly Disbursement: $0Transportation Infrastructure Project
$60,690,000
Facilitate transportation to increase tourism and business development
$2,000
Traffic volume (average annual daily traffic).
                             Days road is closed (number per annum). 
                             Number of S-W Bay, Malekula flights cancelled due to flooding (per annum). 
                             Time of wharf (hours/vessel).( print page 44871)Program Administration*, Due Diligence, Monitoring and Evaluation
$5,000,000

$1,035,000Pending Subsequent Report **


$684,000
 Projects
Obligated
Objective
Cumulative
                             disbursements
MeasuresCountry: Armenia  Year: 2007  Quarter 3  Total Obligation: $235,150,000Entity to which the assistance is provided: MCA Armenia  Total Quarterly Disbursement: $2,157,000Irrigated 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).
                             Percentage of respondents satisfied with irrigation services. 
                             Share of WUA water charges compared WUA annual operations and maintenance cost (percentage). 
                             Number of farmers using better on-farm water management: drip irrigation; ET Gage, and soil moisture monitoring. 
                             Loans provided under the project (USD in thousands).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).
                             State budget expenditures on maintenance of irrigation system (AMD in millions). 
                             Reduction in Kilowatt hours used (thousand KWh). 
                             Share of water losses compared to total water intake (percentage). 
                             Share of WUA water charges compared to WUA annual operations and maintenance cost (percentage).Program Administration*, Due Diligence, Monitoring and Evaluation
$22,370,000

$1,382,000Pending Subsequent Report **
$0

$1,425,000
 Projects
Obligated
Objective
Cumulative
                             disbursements
MeasuresCountry: Benin  Year: 2007  Quarter 3  Total Obligation: $305,761,000Entity to which the assistance is provided: MCA Benin  Total Quarterly Disbursement: $1,872,000Access to Financial Services
$19,650,000
Expand Access to Financial Services
$271,000
Strengthen capacity of select financial institutions.
                             Strengthen monitoring capacity of Supervisory Authority. 
                             Total incremental increase in value of new credit extended and savings received by financial institutions participating in the project. 
                             Share value of all loans outstanding that have one or more installments of principal past due over 30 days. 
                             Total number of loans guaranteed by land titles, per year.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.
                             Increase access to court system. 
                             Improve enterprise registration 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.
                             Value of investments made to urban land parcels per year; land investment data will come from self-reported data through EMICoV.( print page 44872)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

$2,770,000Pending Subsequent Report **
$0

2,159,000
 Projects
Obligated
Objective
Cumulative
                             disbursements
MeasuresCountry: Ghana  Year: 2007  Quarter 3  Total Obligation: $536,639,000Entity to which the assistance is provided: MCA Ghana  Total Quarterly Disbursement: $2,174,000Agriculture 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
$0
Number of hectares irrigated.
                             Number of days to conduct a land transaction. 
                             Number of land disputes in the pilot registration districts. 
                             Registration of land rights in the pilot registration districts. 
                             Volume of products passing through post-harvest treatment (metric tons). 
                             Portfolio-at-risk of agriculture loan fund. 
                             Value of loans disbursed to clients from agricultural loan fund (US$).  
                             Number of additional loans.  
                             Vehicle operating costs (on roads requiring minor, medium and major rehabilitation).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.
                             Score card of citizen satisfaction with services. 
                             Gross enrollment rates. 
                             Gender parity in school enrollment. 
                             Distance to collect water. 
                             Time to collect water. 
                             Distance to sanitation facility. 
                             Travel time to sanitation facility. 
                             Incidence of guinea worm, diarrhea or bilharzias. 
                             Average number of days lost due to guinea worm, diarrhea or bilharzias. 
                             Percentage of households, schools, and agricultural processing plants in target districts with electricity. 
                             Number of inter-bank transactions. 
                             Value of deposit accounts in rural banks.Transportation
$136,804,000
Reduce the transportation costs affecting agriculture commerce at sub-regional levels
$0
Volume capacity ratio.
                             Vehicles per hour at peak hour. 
                             Travel time at peak hour. 
                             International roughness index. 
                             Annual average daily traffic. 
                             Travel time for walk-on passengers and small vehicles.Travel time for trucks.Program Administration*, Due Diligence, Monitoring and Evaluation
$22,370,000

$0Pending 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 fundsU.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.


[FR Doc. 07-3879 Filed 8-8-07; 8:45 am] BILLING CODE 9211-03-P