Federal Register / Vol. 89, No. 206 / Thursday, October 24, 2024 / Notices 84935 

(e.g., permitting electronic submission 

of responses). 

Agency: DOL–ETA. 

Type of Review: Extension without 

changes. 

Title of Collection: Occupational Code 

Assignment. 

Form: ETA–741. 

OMB Control Number: 1205–0137. 

Affected Public: State, Local and tribal 

governments, Federal Government, 

individual & households, and private 

sector. 

Estimated Number of Respondents: 

50. 

Frequency: On Occasion. 

Total Estimated Annual Responses: 

60. 

Estimated Average Time per 

Response: .6 hours. 

Estimated Total Annual Burden 

Hours: 36 hours. 

Total Estimated Annual Other Cost 

Burden: $0. 

Authority: 44 U.S.C. 3506(c)(2)(A). 

Jose ́ Javier Rodrı ́guez, 

Assistant Secretary for Employment and 

Training, Labor. 

[FR Doc. 2024–24587 Filed 10–23–24; 8:45 am] 

BILLING CODE 4510–FW–P 

MILLENNIUM CHALLENGE 

CORPORATION 

[MCC FR 24–11] 

Notice of Entering Into a Compact With 

the Republic of Zambia 

AGENCY: Millennium Challenge 

Corporation. 

ACTION: Notice. 

SUMMARY: In accordance with the 

provisions of the Millennium Challenge 

Act of 2003, as amended, the 

Millennium Challenge Corporation 

(MCC) is publishing a summary of the 

Millennium Challenge Compact 

(Compact) between the United States of 

America and the Republic of Zambia. 

Representatives of the United States of 

America and the Republic of Zambia 

executed the Compact on October 17, 

2024. The complete text of the Compact 

has been posted at: https://

www.mcc.gov/resources/doc/agreementzambia-farm-to-market-compact/. 

(Authority: 22 U.S.C. 7709(b)(3)) 

Dated: October 21, 2024. 

Peter E. Jaffe, 

Vice President, General Counsel, and 

Corporate Secretary. 

Summary of Zambia Compact 

Overview of the MCC Zambia Farm to 

Market Compact 

The Millennium Challenge 

Corporation (MCC), on behalf of the 

United States of America, has signed a 

five-year Compact with the Republic of 

Zambia (Zambia) aimed at reducing 

poverty through economic growth. MCC 

funding of $458,000,000, together with 

a contribution of $33,750,000 from the 

Government of the Republic of Zambia 

(GRZ), will support economic growth in 

Zambia through investments in the 

agriculture and agro-processing sectors. 

MCC’s investment aims to address the 

binding constraints to economic growth 

of (1) poor roads and transport that 

reduce market access, (2) inadequate 

private investment in capital inputs 

needed to boost agricultural production, 

and (3) an uncertain policy environment 

for inputs, outputs, and exports. The 

Compact will address these constraints 

through four projects: (1) the Roads and 

Access Project; (2) the Asset Finance 

Project; (3) the Agriculture Policy 

Reform and Institutional Strengthening 

Project; and (4) the American Catalyst 

Facility for Development (‘‘ACFD’’) 

Project. 

Background and Context 

The Republic of Zambia, a landlocked 

country of twenty million people and 72 

ethnic groups, stretches across southern 

Africa’s central plateau, occupying an 

area slightly larger than the state of 

Texas. Categorized as a low-income 

country with gross domestic product 

(GDP) per capita at around US $1,300, 

Zambia’s annual economic growth 

averaged 3.7 percent over the period 

2011 to 2021. This growth has been 

inconsistent, however, primarily due to 

Zambia’s dependence on exporting 

copper, a commodity known for its 

international price volatility. Other 

vulnerabilities hampering Zambia’s 

growth include reoccurring drought 

shocks that harm its agriculture and 

energy sectors. Further, Zambia’s 

extensive public borrowing in the recent 

past pushed its debt-to-GDP levels 

above one hundred and twenty (120) 

percent, overwhelming the country’s 

ability to deliver public services and 

finance future investments. Meanwhile, 

the bulk of the country’s labor force 

remains engaged in low-productivity 

agriculture and informal services, 

resulting in over half of the population 

living below the poverty line and 

income inequality levels among the 

world’s worst. According to the World 

Bank, agriculture contributes to 

approximately three (3) percent of 

Zambia’s GDP yet employs over half of 

its labor force. 

Following the election of President 

Hakainde Hichilema in August 2021, 

the GRZ prioritized private sector-led 

growth, more market-friendly policies, 

and a decentralization of authority and 

budgets to local authorities. In a 

complementary vein, the GRZ also 

signaled, in its national development 

plan, a renewed emphasis on economic 

diversification led by investments in the 

country’s underperforming agriculture 

and agro-processing sectors. Zambia’s 

agricultural sector suffers from low 

productivity, with average maize yields 

hovering around two metric tons/ 

hectare, well below the eight tons/ 

hectare achieved by the country’s 

leading commercial producers. Much of 

Zambia’s low input use is a result of the 

lack of irrigation, outdated agricultural 

practices, and a highly inadequate rural 

road network. This also constrains the 

expansion of labor-intensive agroprocessors, who often source inputs 

from local farms. Both agriculture and 

agro-processing are significantly 

constrained by a lack of access to credit 

to finance investment in small-scale 

irrigation and other inputs. 

Given this sector context, the 

Compact program aims to address key 

constraints along the country’s 

agriculture and agro-processing growth 

path through a combination of 

investments in rural road infrastructure, 

programs to increase access to credit, 

and agricultural policy reform 

initiatives. Investments in these areas 

will help the GRZ to substantially 

diversify and grow its economy while 

reducing poverty. 

Project Summaries 

The compact program consists of four 

projects: 

(1) The Roads and Access Project 

($315,000,000) is designed to decrease 

transportation costs in prioritized 

agriculture corridors by improving 

approximately 338 kilometers (210 

miles) of road and transportation 

infrastructure, increasing rural 

population access to markets and 

services, and strengthening Zambian 

road asset management. The project 

includes upgrading road segments based 

on updated weather projections, 

reducing the number of days a road 

would be impassible due to flooding or 

the risk of washouts. The construction 

of trail bridges, pedestrian amenities, 

and other physical infrastructure paired 

with the application of an established 


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84936 Federal Register / Vol. 89, No. 206 / Thursday, October 24, 2024 / Notices 

social behavior change system (Gender 

Action Learning System) will reduce 

barriers to markets for rural 

communities, especially women and 

youth. In addition, this project will 

include technical assistance and 

capacity building to ensure the 

sustainability of these investments 

through better road asset management. 

(2) The Asset Finance Project 

($45,000,000) aims to increase access to 

finance for investments in electricity, 

irrigation, logistics and processing 

(EILP) equipment and infrastructure for 

both men and women-owned 

agricultural small and medium 

enterprises and project developers 

across agriculture value chains. These 

investments will contribute to Zambia’s 

national development plan by 

increasing the adoption of irrigation, 

agro-processing and value addition, 

grain and produce storage facilities, and 

investments in energy sources. The 

project addresses the affordability of 

financing for EILP equipment through 

performance-based grants to financial 

service providers and equipment 

providers to incentivize increased 

lending and financing to the agriculture 

sector for EILP equipment and 

catalyzing impact investment for agrienterprises. The project will also 

include capacity building and technical 

assistance to public and private project 

developers to increase the number of 

EILP infrastructure investments in the 

agriculture value chain that reach 

financial close. 

(3) The Agriculture Policy Reform and 

Institutional Strengthening Project 

($25,000,000) is designed to improve 

institutional capacity to facilitate 

private sector production and trade in 

grains. The Compact, and its associated 

reforms, will contribute to creating a 

private sector-driven agriculture and 

agro-processing market and support 

broader efforts by the GRZ and other 

donors to address key policy challenges 

constraining private sector production 

and trade in grain markets. To this end, 

the project will strengthen the Ministry 

of Agriculture’s capacity to develop and 

implement reforms as well as improve 

the Food Reserve Agency’s capacity to 

carry out its core functions efficiently, 

including managing the strategic grain 

reserves, encouraging private sector 

involvement in grain trading, making 

timely payments for purchases, and 

providing appropriate price 

stabilization. It will also build the Food 

Reserve Agency’s capacity for assessing, 

monitoring, and analyzing the impact of 

its policies and practices on food 

security, poverty, and vulnerability, and 

strengthen its vulnerability response 

and mitigation functions. Finally, this 

project aims to build transparency and 

trust among market players by 

establishing an independent market 

observatory that collects timely and 

accurate data on stocks and prices and 

conducts relevant market analyses for 

the benefit of public sector policy 

makers and private sector economic 

actors, and by supporting a commodity 

exchange. 

(4) The American Catalyst Facility for 

Development (ACFD) Project 

($8,000,000) is designed to facilitate the 

U.S. Development Finance 

Corporation’s (USDFC) investments in 

Zambia in the sectors identified as 

constraints to Zambia’s growth by MCC. 

DFC’s current transaction pipeline in 

Zambia, for example, includes several 

projects that are not viable without 

additional de-risking. ACFD grant 

funding will enable DFC-led projects 

like these, that would not otherwise be 

viable, to reach financial close. 

Program Budget 

The table below presents the overall 

budget for the program of $491,750,000, 

which includes MCC funding under the 

Compact of up to $458,000,000 and a 

GRZ contribution of at least $33,750,000 

(required minimum of 7.5 percent, 

excluding ACFD). 

Project/activity Amount 

1. Roads and Access Project $315,000,000 

1.1 Improving Roads Activity ............................ 285,000,000 

1.2 Improving Access 

Activity ........................ 12,000,000 

1.3 Strengthening Zambian Road Management Activity .............. 18,000,000 

2. Asset Finance Project ...... 45,000,000 

2.1 Agri-SME Asset Financing Activity .......... 23,000,000 

2.2 ZAMPPF Activity ..... 22,000,000 

3. Agriculture Policy and Institutional Strengthening 

Project ............................... 25,000,000 

3.1 MoA Institutional 

Strengthening Activity 13,300,000 

3.2 FRA Institutional Capacity Strengthening 

Activity ........................ 7,950,000 

3.3 Establishment and 

Strengthening of Ancillary Agricultural 

Market Support Institutions Activity ............ 3,750,000 

4. American Catalyst Facility 

for Development (ACFD) .. 8,000,000 

5. Monitoring and Evaluation 3,000,000 

6. Program Administration 

and Control ....................... 62,000,000 

Total MCC Funding ....... 458,000,000 

Government of the Republic of Zambia Contribution ...................... 33,750,000 

Project/activity Amount 

Total Funding ......... 491,750,000 

[FR Doc. 2024–24712 Filed 10–23–24; 8:45 am] 

BILLING CODE 9211–03–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Renewal of Agency Information 

Collection of a Previously Approved 

Collection; Request for Comments 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Notice of submission to the 

Office of Management and Budget. 

SUMMARY: As required by the Paperwork 

Reduction Act of 1995, The National 

Credit Union Administration (NCUA) is 

submitting the following extensions and 

revisions of currently approved 

collections to the Office of Management 

and Budget (OMB) for renewal. 

DATES: Written comments should be 

received on or before November 25, 

2024 to be assured consideration. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submission may be 

obtained by contacting Dacia Rogers at 

(703) 518–6547, emailing 

PRAComments@ncua.gov, or viewing 

the entire information collection request 

at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

OMB Number: 3133–0198. 

Title: Appeals Procedures—12 CFR 

746, Subpart B. 

Type of Review: Extension of a 

previously approved collection. 

Abstract: Part 746, subpart B, will 

govern most authorized appeals to the 

Board of adverse determinations made 

at program office levels under agency 

regulations that permit such an appeal. 

The procedures are intended to result in 

greater efficiency, consistency, and 

better understanding of the way in 

which matters under covered 

regulations may be appealed to the 

Board. 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Number of Respondents: 

34. 


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