The United States of America, acting through the Millennium Challenge Corporation (“MCC”) and the Government of Belize (GOB) have entered into a Compact Development Grant Funding Agreement to support the development and facilitation of a Compact. The grant is in the amount of Ten Million U.S. Dollars ($10,000,000) (“MCC Funding”). The Government, acting through the Compact Development Team (CDT) – Belize, and later through a Millennium Challenge Account (MCA – Belize), intends to apply part of the funds to payments for contracts for goods, works and services.
MCC’s funding is appropriated by the U.S. Congress and obligated to its programs up-front, with no incremental or partial funding. When a contract is signed with a Compact Development Team, money is already available for use, and, for most contracts, invoices are paid directly to Contractors/Consultants/Suppliers by the US Treasury.
The listed procurement will be funded under the Compact Development Funding Grant Agreement referenced above.