E7-24634. Notice of Quarterly Report (July 1, 2007-September 30, 2007)

AGENCY:

Millennium Challenge Corporation.

SUMMARY:

The Millennium Challenge Corporation (MCC) is reporting for the quarter July 1, 2007 through September 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 website of the MCC (http://www.mcc.gov) in accordance with Section 612(b) of the Act.

Assistance Provided Under Section 605

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Madagascar  Year: 2007  Quarter 4  Total Obligation: $109,773,000
Entity to which the assistance is provided: MCA Madagascar  Total Quarterly Disbursement: $4,774,000
Land Tenure Project	$37,803,000	Increase Land Titling and Security	$3,983,000	Legislative proposal reflecting the National Land Tenure Program submitted to Parliament and passed.
				Number of land disputes reported and resolved in the target zones and sites of implementation.
				Percentage of land documents inventoried, restored, and/or digitized.
				Average time and cost required to carry out property transactions.
				Percent of reported land conflicts resolved on titled land in zone 3, 4, 5 during the title regularization operations.
				Percentage of land in the zones that is demarcated and ready for titling.
Finance Project	35,888,000	Increase Competition in the Financial Sector	3,507,000	The number of savings accounts and outstanding value of accounts from primary banks.
				Maximum check clearing delay.
				Volume of funds in payment system and number of transactions.
				Increased public awareness of new financial instruments as measured by surveys within intervention zones and large towns.
				The amount of government debt issued with maturities in excess of 52 weeks.
				The number of new individual investors buying government debt securities.
				The number of bank branches of the Central Bank of Madagascar capable of accepting auction tenders.
				Percentage of all loans included in the central database.
Agricultural Business Investment Project	17,683,000	Improve Agricultural Projection Technologies and Market Capacity in Rural Areas	4,488,000	Number of rural producers receiving or soliciting information from Agricultural Business Centers about the opportunities. Intervention zones identified and description of beneficiaries within each zone submitted. Number of visitors receiving information from National Coordinating Center with respect to business opportunities.
				Change in farm income due to improved production and marketing practices.
				Change in enterprise income due to improved production and marketing practices.
				Number of farmers and business employing technical assistance received.
Program Administration* and Control, Monitoring and Evaluation	18,399,000		11,813,000
Pending subsequent reports**			−1,061,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Honduras  Year: 2007  Quarter 4  Total Obligation: $215,000,000
Entity to which the assistance is provided: MCA Honduras  Total Quarterly Disbursement: $1,688,000
Rural Development Project	$72,195,000	Increase the productivity and business skills of farmers who operate small and medium-size farms and their employees	$6,667,000	Increase in farm income resulting from Rural Development Project. Funds lent by MCA-Honduras to financial institutions. Increase in employment income resulting from Rural Development Project. Number of Program farmers harvesting high-value horticulture crops.
				Number of hectares harvesting high-value horticulture crops.
Transportation Project	125,700,000	Reduce transportation costs between targeted production centers and national, regional and global markets	927,000	Freight shipment cost from Tegucigalpa to Puerto Cortes. Price of basic food basket. Number of days per year road is passable.
Program Administration* and Control, Monitoring and Evaluation	17,105,000		1,804,000
Pending subsequent reports**			1,574,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Cape Verde  Year: 2007  Quarter 4  Total Obligation: $110,078,000
Entity to which the assistance is provided: MCA Cape Verde  Total Quarterly Disbursement: $4,327,000
Watershed and Agricultural Support	$10,848,000	Increase agricultural production in three targeted watershed areas on three islands	$417,000	Increase in horticultural productivity. Increase in annual income. Value-added for farms and agribusiness.
Infrastructure Improvement	78,760,000	Increase integration of the internal market and reduce transportation costs	6,121,000	Volume of goods shipped between Praia and other islands. Mobility Ratio: Percentage of beneficiary population who take at least 5 trips per month. Savings on transport costs from improvements.
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	128,000	Value added in priority sectors above current trends. Volume of private investment in priority sectors above current trends.
Program Administration* and Control, Monitoring and Evaluation	13,270,000		2,977,000
Pending subsequent reports**			4,288,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Nicaragua  Year: 2007  Quarter 4  Total Obligation: $175,000,000
Entity to which the assistance is provided: MCA Nicaragua  Total Quarterly Disbursement: $2,174,000
Property Regularization Project	$26,400,000	Increase Investment by strengthening property rights	$967,000	Value of investment on land. Value of urban land. Value of rural land. Number of days to conduct a land transaction.
				Total cost to conduct a land transaction.
Transportation Project	92,800,000	Reduce transportation costs between Leon and Chinandega and national, regional and global markets	973,000	Price of a basket of goods. Travel Time.
Rural Business Development Project	33,500,000	Increase the value added of farms and enterprises in the region	2,852,000	Annual percentage increase in value-added of clients of business office. Number of jobs created.
				Number of program farm plots harvesting higher-value crops or reforesting under improvement of Water Supply Activities.
Program Administration*, Due Diligence, Monitoring and Evaluation	22,300,000		3,438,000
Pending subsequent reports**			1,445,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Georgia  Year: 2007  Quarter 3  Total Obligation: $294,693,000
Entity to which the assistance is provided: MCA Georgia  Total Quarterly Disbursement: $1,000,000
Regional Infrastructure Rehabilitation	$211,700,000	Key Regional Infrastructure Rehabilitated	$16,376,000	Reduction in Akhalkalaki-Ninotsminda-Teleti journey time. Reduction in vehicle operating costs.
				Increase in internal regional traffic volumes.
				Decreased technical losses in gas through the main North-South pipeline
				Reduction in the production of greenhouse gas emissions measured in tons of CO2 equivalent.
				Increased collection rate of the Georgian Gas Company (GOGC).
				Number of household beneficiaries served by Regional Infrastructure Development projects.
				Actual operations and maintenance expenditures.
Regional Enterprise Development	47,500,000	Enterprises in Regions Developed	3,765,000	Increase in annual revenue in portfolio companies. Increase in number of portfolio company employees and number of local suppliers.
				Increase in portfolio companies' wages and payments to local suppliers.
				Jobs created.
				Increase in aggregate incremental net revenue to project assisted firms.
				Direct household net income.
				Direct household net income for market information initiative beneficiaries.
				Number of beneficiaries.
Program Administration*, Due Diligence, Monitoring and Evaluation	35,493,000		5,948,000
Pending subsequent reports**			3,948,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Vanuatu  Year: 2007  Quarter 4  Total Obligation: $65,690,000
Entity to which the assistance is provided: MCA Vanuatu  Total Quarterly Disbursement: $286,000
Transportation Infrastructure Project	$60,690,000	Facilitate transportation to increase tourism and business development	$2,000	Number of Tourists. Number of days per year road is closed. Number of S-W Bay, Malekula flights cancelled per year due to flooding.
				Vessel wait time at wharf.
Program Administration*, Due Diligence, Monitoring and Evaluation	5,000,000		1,291,000
Pending subsequent reports**			714,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Armenia  Year: 2007  Quarter 4  Total Obligation: $235,650,000
Entity to which the assistance is provided: MCA Armenia  Total Quarterly Disbursement: $2,185,000
Irrigated Agriculture Project	$145,680,000	Increase agricultural productivity and Improve Quality of Irrigation	$3,545,000	Increase in hectares covered by high value added horticultural and fruit crops. Percentage of respondents satisfied with irrigation services. Share of Water User Association water charges as percentage of Water User Association annual operations and maintenance costs.
				Number of farmers using improved on-farm water management practices.
				Annual increase in irrigated land in Project area.
				State budget expenditures on maintenance of irrigation system.
				Value of loans provided under the project.
Rural Road Rehabilitation Project	67,100,000	Better access to economic and social infrastructure	914,000	Government budgetary allocations for routine maintenance of the entire road network.
				Average daily traffic in Project area.
				Kilometers of Package 1 road sections rehabilitated.
				Kilometers of Package 2 road sections rehabilitated.
				Kilometers of Package 3 road sections rehabilitated.
Program Administration*, Due Diligence, Monitoring and Evaluation	22,870,000		1,987,000
Pending subsequent reports**			1,488,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Benin  Year: 2007  Quarter 4  Total Obligation: $307,298,000
Entity to which the assistance is provided: MCA Benin  Total Quarterly Disbursement: $8,104,000
Access to Financial Services	$19,650,000	Expand Access to Financial Services	$490,000	Operational self-sufficiency of participating microfinance institutions.
				Number of microfinance institutions supervised by the microfinance cellule.
				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 over 30 days past due.
				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	489,000	Number of cases processed at the arbitration center. Percentage of all cases in the “Tribunal de Premiere Instance” courts per year.
				Percentage of all cases resolved in court of appeals per year.
				Average distance to reach TPI.
				Number of enterprises registered through the registration center.
				Average number of days required to register an enterprise.
Access to Land	36,020,000	Strengthen property rights and increase investment in rural and urban land	2,188,000	Total value of additional investments in target rural land parcels. Total value of additional investments in target urban land parcels.
Access to Markets	169,447,000	Improve Access to Markets through Improvements to the Port of Cotonou	1,117,000	Total metric tons of exports and imports passing through Port of Cotonou per year.
Program Administration*, Due Diligence, Monitoring and Evaluation	47,911,000		3,458,000
Pending subsequent reports**			5,685,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Ghana  Year: 2007  Quarter 4  Total Obligation: $547,010,000
Entity to which the assistance is provided: MCA Ghana  Total Quarterly Disbursement: $6,424,000
Agriculture Project	$242,352,000	Enhance Profitability of cultivation, services to agriculture and product handling in support of the expansion of commercial agriculture among groups of smallholder farms	$2,017,000	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. Metric tons of products passing through post-harvest treatment. Portfolio-at-risk of agriculture loan fund. Value of loans disbursed to clients from agricultural loan fund. Number of additional loans. Vehicle operating costs on minor, medium and major rehabilitated roads.
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	141,736,000	Reduce the transportation costs affecting agriculture commerce at sub-regional levels	20,000	Volume capacity ratio. Vehicles per hour at peak hour. Travel time at peak hour. International roughness index.
				Annual average daily vehicle and passenger traffic.
Program Administration*, Due Diligence, Monitoring and Evaluation	61,634,000		1,725,000
Pending subsequent reports**			5,579,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: El Salvador  Year: 2007  Quarter 4  Total Obligation: $460,940,000
Entity to which the assistance is provided: MCA El Salvador  Total Quarterly Disbursement: $2,224,000
Human Development Project	$91,675,000	Increase human and physical capital of residents of the Northern Zone to take advantage of employment and business opportunities	$0	Number of students enrolled in the Chalatenango Center functioning as a MEGATEC institute. Graduation rate of students enrolled in the Chalatenango Center functioning as a MEGATEC institute. Number of students enrolled in participating middle technical schools. Graduation rate of students enrolled in participating middle technical schools. Number of students enrolled in non-formal training activites. Graduation rate of students enrolled in non-formal training activites.
				Number of households with access to water in the Northern Zone.
				Number of households with access to basic sanitation in the Northern Zone.
				Number of households with electricity in the Northern Zone.
				Number of individuals that benefit annually from the strategic infrastructure projects.
Productive Development Project	84,196,000	Increase production and employment in the Northern Zone	0	Investment in productive chains by selected beneficiaries.
Connectivity Project	234,963,000	Reduce travel cost and time within the Northern Zone, with the rest of the country, and within the region	0	Weighted average of the International Roughness Index for the rehabilitation of the Transnational Highway. Weighted average of the International Roughness Index for the rehabilitation of the network of connecting roads.
Program Administration* and Control, Monitoring and Evaluation	50,106,000		0
Pending Subsequent Report**			2,224,000

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Mali  Year: 2007  Quarter 4  Total Obligation: $460,684,000
Entity to which the assistance is provided: MCA Mali  Total Quarterly Disbursement: $2,054,000
Bamako Sénou Airport Improvement Project	$91,631,000	Establish an independent and secure link to the regional and global economy	$151,000	Number of weekly flight arrivals and departures. Average time for passengers to complete departures and arrivals procedures.
Industrial Park Project	97,040,000	Develop a platform for industrial activity to be located within the Airport domain	295,000	Occupancy level. Average number of days required for operator to connect to Industrial Park water and electricity services.
Alatona Irrigation Project	234,608,000	Increase the agricultural production and productivity in the Alatona zone of the ON	0	Weighted average of the International Roughness Index for the rehabilitation of the Niono-Goma Coura road. Annual average daily count of vehicles on the Niono-Goma Coura road. Total amount of land irrigated by the Project in the Alatona zone.
				Average water volume delivered at the farm level in the Alatona zone.
				Crop water requirements as a percentage share of water supply at the Canal headworks in the Alatona Zone.
				Number of 5 and 10 hectare farm plots allocated in the Alatona zone.
				Total market garden parcels allocated in the Alatona zone.
				Number of titles registered in the land registration office granted to households in the Alatona zone.
				Number of students enrolled in schools established by the Project.
				Graduation rate of students enrolled in schools established by the Project.
				Number of farms adopting at least one new extension technique as a percentage of all farms receiving technical assistance under the Project.
				Total amount of credit extended in loan portfolios by participating microfinance institutions and banks in the Alatona zone.
				Number of active clients of microfinance institutions and banks in the Alatona zone.
Program Administration* and Control, Monitoring and Evaluation	37,405,000		1,608,000
Pending Subsequent Report**			0

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Mozambique (CIF ONLY)  Year: 2007  Quarter 4  Total Obligation: $25,346,000
Entity to which the assistance is provided: MCA Mozambique  Total Quarterly Disbursement: $0
Water and Sanitation Project	N/A	Increase access to reliable and quality water and sanitation facilities	N/A	Value of productive days gained due to less diarrhea, cholera and/or malaria. School attendance days gained due to less diarrhea, cholera and/or malaria.
				Number (Percent) of businesses with access to improved water source.
				Reduction in time for rural/urban households to access improved water sources.
				Number (Percent) of urban households with access to improved water sources.
				Number (Percent) of rural households with access to improved water sources.
				Number (Percent) of urban households with access to improved sanitation facilities.
Road Rehabilitation Project	N/A	Increase access to productive resources and markets	N/A	Increase in agricultural production among communities affected by road rehabilitation works.
				Increase in the number of new businesses within 5 km of rehabilitated roads.
				Reduction in vehicle operating costs as a result of rehabilitated roads.
				Time savings due to a reduction in time to travel a fixed length of rehabilitated road.
				Weighted average of the International Roughness Index for the rehabilitation roads.
				Average annual daily traffic volume on rehabilitated roads disaggregated by vehicle type.
Land Tenure Services Project	N/A	Establish efficient, secure land access for households and investors	N/A	Increase (Percent) in value of new investments on land. Number of new businesses. Reduction (Percent) in time to right to land usage.
				More efficient, free and secure land transfers/transactions.
				Increase (Percentage) in parcel-holder land value.
				Reduction (Percent) in costs to right to land usage.
Farmer Income Support Project	N/A	Improve coconut productivity and diversification into cash crop	N/A	Reduction (Percentage) in loss of coconut production and coconut products' sales. Increased income (Percentage) from sales from intercropping activities to small farm plot holders.
				Increased number (Percentage) of live coconut trees.
				Increased productive capacity (Percentage) of coconut trees.
Program Administration* and Control, Monitoring and Evaluation	N/A		N/A
Pending Subsequent Report**			$0

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Lesotho (CIF ONLY)  Year: 2007  Quarter 4  Total Obligation: $15,668,000
Entity to which the assistance is provided: MCA Lesotho  Total Quarterly Disbursement: $0
Water Project	$4,913,000	Improve the water supply for industrial and domestic needs, and enhance rural livelihoods through improved watershed management	$0	Increased urban access to potable water supply. Increase in volume of water delivered after treatment at Metolong site. Decrease in percentage of urban water that is not accounted for (non-revenue losses plus physical losses).
				Number of people covered per year in rural areas with MCC funded rural water supply.
				Number of new VIP latrines provided to households.
Health Project	4,436,000	Increase access to life-extending ART and essential health services by providing a sustainable delivery platform	0	Increase in the percentage of health facilities providing full package of standard services for level of center (MoHSW 2007 standard). Increase in TB treatment success rate. Increase in the percentage of health facilities staffed with standard number and type of qualified staff (MoHSW 2007 standard).
				Increase in the number of patients treated in health centers in Lesotho.
				Increase in mmunization rate (measles).
				Number of people receiving ARV treatment (number).
				Increase in annual enrollment at National Health Training College.
				Increase in average referred tests performed at the central laboratory per quarter during the past year.
				Increase in average number of blood units collected per quarter during the past year.
Private Sector Development Project	710,000	Stimulate investment by improving access to credit, reducing transaction costs and increasing the participation of women in the economy	0	Increase in the percentage of the adult population listed by a private credit bureau with current information on repayment history, unpaid debts or credit outstanding. Increase in the number of payments associated with salaries and pensions made through EFT per year. Land used as collateral (number of mortgage bonds registered).
				Land transaction costs (percent of property value).
				Land transaction times (median number of days necessary to complete a procedure).
				Increase in the number of pending civil cases in the High Court.
				Gender equality index (percent change in index of knowledge, attitudes, and practices for supporting gender equality in economic rights).
Program Administration* and Control, Monitoring and Evaluation	5,609,000		0
Pending Subsequent Report**			0

Projects	Obligated	Objectives	Cumulative disbursements	Measures
Country: Morocco (CIF ONLY)  Year: 2007  Quarter 4  Total Obligation: $32,400,000
Entity to which the assistance is provided: MCA Lesotho  Total Quarterly Disbursement: $0
Fruit Tree Productivity	$6,960,000	TBD	$0	TBD.
Small Scale Fisheries	7,006,000	TBD	0	TBD.
Artisan and Fez Medina	6,142,000	TBD	0	TBD.
Financial Services	500,000	TBD	0	TBD.
Enterprise Support	0	TBD	0	TBD.
Program Administration* and Control, Monitoring and Evaluation	11,792,000	TBD	0	TBD.
Pending Subsequent Report**	0	TBD	0	TBD.
* Program administration funds are used to pay items such as salaries, rent, and the cost of office equipment.
** These amounts represent disbursements made that will be allocated to individual projects in the subsequent quarter(s) and reported as such in subsequent quarterly report(s).

619 Transfer Funds U.S. Agency to which funds were transferred	Amount	Description of program or project
USAID	$24,294,350	Threshold Program

Dated: December 14, 2007.

William G. Anderson, Jr.,

Vice President and General Counsel, Millennium Challenge Corporation.