MCC CEO Alice Albright will host His Excellency Filipe Jacinto Nyusi, President of the Republic of Mozambique; Mozambique Ambassador to the United States Alfredo Fabião Nuvunga: and Mozambique Minister of Economy and Finance Ernesto Max Elias Tonela at the Russell Senate Office Building on Capitol Hill for the signing of the MCC—Mozambique Connectivity & Coastal Resilience Compact. The Mozambique Connectivity and Coastal Resilience Compact is an ambitious and innovative attempt to address the multifaceted risks of climate change to MCC’s Compact investments. Unique to the design of the Compact is the focus on climate-resilient infrastructure, climate finance, and coastal development that aims to strengthen local economies reliant upon agriculture and fisheries yet limited by connectivity and reliable access. The Compact will showcase three interrelated projects that all meet MCC’s comprehensive investment criteria – including a 14.7% compact-level ERR – and addresses the binding constraints as identified, promotes strong gender/youth and social inclusion, leverages private capital, and is climate-positive at its core.
Event participants include:
- His Excellency Filipe Jacinto Nyusi, President, Republic of Mozambique
- Ernesto Max Elias Tonela, Minister of Economy and Finance, Republic of Mozambique
- Alfredo Fabião Nuvunga, Ambassador to the United States, Republic of Mozambique
Location
Russell Senate Office Building (RSOB), Room 385, Washington, DC
