The Compact is an assistance program provided to the Republic of Moldova by the U.S. Government, acting through the Millennium Challenge Corporation, for the period of 2010 – 2015. The Compact provides major investments to address the constraints to the economic development of Moldova, such as dire road infrastructure and underdevelopment irrigation infrastructure. The program has two projects – Transition to High Value Agriculture and Road Rehabilitation.
The Compact goal is to reduce poverty in the Republic of Moldova through economic growth by increasing incomes through increased agricultural productivity and expanded access to markets and services through improved roads.
Compact is the largest assistance program ever provided to the Republic of Moldova, which is one of the 20 countries that implement Compacts. To become eligible for the Compact investments, the Republic of Moldova was subjected to evaluation against 17 performance indicators grouped into three general categories: fair ruling (political rights, civil liberties, control of corruption, government effectiveness etc.), investments in people (expenditures on health and primary education, management of natural resources etc.) and economic freedom (business start-up, fiscal policy, inflation etc.).
On November 8, 2006 the Republic of Moldova became eligible for the Millennium Challenge Account funds. It started then working on the development of the Compact Agreement and Program.
The Compact is implemented in accordance with the Agreement signed on January 22, 2010 by the Moldovan Government and the U.S. Millennium Challenge Corporation hosted by the Secretary of Stat Hillary Clinton.