MONROVIA: The annual scorecard of the United States Millennium Challenge Corporation (MCC) has been released. It was published on November 3, 2022, Liberia scoring 74% in Trade Policy.
The annual MCC Scorecard measures a country’s commitment to just and democratic governance, investing in its people, and economic freedom.
The indicators measure a countries’ board policy framework for encouraging poverty reduction through economic growth. A country needs to pass 10 out of 20 indicators to pass the scorecard.
For Fiscal Year 2023 (FY23), Liberia passed 12 out of 20 indicators; the most indicators passed by Liberia ever since MCC began publishing the scorecard in 2008. Liberia’s tremendous improvement in the scorecard is driven by a number of factors:
Liberia improved inflation from a high of 29% in 2020 to 7.8% in the new scorecard.
Liberia received 100% on the MCC new indicator “Employment Opportunity”, which measures a country’s commitment to ending forced labor, preventing employment discrimination, and protecting the rights of workers and people with disabilities.
For only the second time since 2008, Liberia passed the “Rule of Law” indicator, driven by the unrelenting efforts of Liberia in the fight against Human Trafficking.
Liberia continues its strong performance on the Democratic rights indicators, including “Control of Corruption”. This also includes the country’s continued high performance on “Political Rights” where Liberia has a 88% score, indicating Liberia is committed to free and fair elections, the rights of political parties, and the participation of all in the political process.
After challenges with Trade Policy, Liberia once again passed the Trade Policy Indicator with a 74% score.
Liberia’s FY23 Scorecard indicates that the country is exceeding the MCC requirements and committed to democratic governance and poverty reduction.
