ABOUT
GET TO KNOW THE MCC-SOLOMON ISLANDS THRESHOLD PROGRAM: TOP 10 FACTS
The MCC-Solomon Islands Threshold Program is a partnership between the Millennium Challenge Corporation, a United States Government agency, and the Government of Solomon Islands. The program works to encourage sustainable development by investing in the country’s forestry and tourism sectors, creating business opportunities, and ensuring a more sustainable future for Solomon Islanders.
In January 2022, after working in partnership to design a program that would stimulate the country’s economic growth and increase opportunities for its people, the Government of Solomon Islands and the U.S. Millennium Challenge Corporation signed a US$20 million threshold program grant agreement. Together, they are working to implement this agreement, known as the MCC-Solomon Islands Threshold Program, invests in economically viable alternatives to unsustainable logging practices to generate more eco-friendly, sustainable benefits from the country’s forests and expanding access to land to promote the well-being of local communities and enhance the viability of the islands’ tourism sector.
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The MCC-Solomon Islands Threshold Program is a US$20 million grant from the American people designed to advance the economy of Solomon Islands by investing in the forestry and tourism sectors, creating business opportunities for Solomon Islanders while working to implement eco-friendly strategies to protect the country’s natural resources.
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The Government of Solomon Islands demonstrated its commitment to the MCC partnership by signing the threshold program grant agreement in January 2022.
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The Government of Solomon Islands worked in partnership with MCC to identify projects that address important priorities for economic growth in Solomon Islands.
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The MCC-Solomon Islands Threshold Program is working in close collaboration with government ministries to implement program activities.
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All MCC programs are based on a country-ownership model that the Government of Solomon Islands has endorsed as "a clear and transparent approach to development assistance."
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The MCC-Solomon Islands Threshold Program aims to generate more reliable, sustainable benefits from the country’s natural resources by reducing the negative environmental impacts of logging, increasing revenues from forestry production, benefiting local communities, and developing a regulatory framework that promotes a greater balance between utilizing forests for both logging and non-logging purposes.
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The MCC-Solomon Islands Threshold Program is working towards the goal of increasing access to land to expand investment opportunities in the tourism sector. The program also works to ensure local communities can benefit from tourism investments and to expand the number of opportunities for employment and entrepreneurship available to women.
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MCC partnerships are non-military agreements; and have no military components. By U.S. law, MCC funding cannot be used for military assistance or training.
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The MCC-Solomon Islands Threshold Program is not, and never has been, a deliverable of the United States’ Indo-Pacific Strategy.
#10
MCC partnership investments are 100% grant dollars – not loans. Grant funding does not create debt or re-payment schemes that stunt opportunities for people and communities to prosper.
For more information, please visit https://www.mcc.gov/where-we-work/program/solomon-islands-threshold-program.