Please click on the VOA link for a video story on Georgia. The rest of the  
world marches on. 
For Immediate Release 
September 9, 2008 
Additional MCC Support as part of USG Assistance for  Georgia 
MCC, as noted in recent announcements by the Administration, has the  
capability to provide up to $100 million to the Republic of Georgia to fund  
development projects under the existing compact.  This additional  assistance would 
further leverage MCC funds already committed to Georgia and  would be 
administered in accordance with MCC’s assistance model.   
The Millennium Challenge Corporation's ongoing partnership with Georgia  
underscores the country's strong economic foundation and its impressive record  of 
reform.  Additional MCC assistance will help the people of Georgia build  a 
prosperous and competitive economy and be directed only toward carefully  
identified projects showing a direct benefit to Georgia's poor.  MCC’s  mission in 
Georgia and all of our partner countries is to bring about  sustainable 
poverty reduction and long-term economic growth in the country. 
Most of the infrastructure projects under consideration were previously  
included in the original compact but were later scaled back as a result of  
external pressures such as dollar depreciation and increased international  
construction costs.   
Any amendment to MCC's $295 million compact with Georgia would require  
approval by MCC's Board of Directors and congressional notification.  MCC  is 
already coordinating closely with other U.S. Government agencies that are  
assessing the current situation to study the long-term economic needs of the  country. 
 Specific projects are still being identified together with our  Georgian 
counterparts and further details of any amendment to the compact will  be made 
public as soon as they become available.
VOA video story on Georgia:
_http://www.mcc.gov/media/voa-policy-brief.php_ 
(http://www.mcc.gov/media/voa-policy-brief.php) 



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