The Challenge Corporation (MCC) has diverted from its original timeline for considering approval of a compact for the Republic of Sierra Leone over the outcome of the June 24 multitier elections.

In a statement yesterday Thursday, the MCC said it will continue to engage with the Government of Sierra Leone (GoSL) in a spirit of a longstanding partnership but did not mention a possible timeline for when the compact will be approved.

MCC Compacts are five-year grant agreements between MCC and an eligible country to funds programs designed to create an enabling environment for private sector investment.

To be eligible for compact assistance, countries must meet certain scorecard indicators set by the MCC.

Sierra Leone has passed 11 out of the 20 indicators on the Millennium Challenge Corporation (MCC), the scorecard for 2023, making it the country’s fourth consecutive pass since the government of Julius Maada Bio in 2018.

However, following widespread concerns surrounding the credibility of Sierra Leone’s June 2023 multitier elections, the MCC put on hold, the approval of a grant for Sierra Leone.