India, US sign MoU for collaboration in third world countries

Posted on:16 Jan 2017 14:45:28
India, US sign MoU for collaboration in third world countries
16 January 2017 Current Affairs: India and the US have signed an MoU to collaborate in the fields of developmental activities and aid in third world countries.The MoU has been signed between the Millennium Challenge Corporation (MCC), and Development Partnership Administration (DPA) of the Ministry of External Affairs of India. MCC is a US agency providing eligible countries with grants to fund country-led solutions for reducing poverty through sustainable economic growth. DPA looks after implementation of India’s development cooperation programmes with partner countries.The two countries would collaborate on exchange of information and experience in sectors or issues pertaining to project development or implementation in partner countries. India and US might also provide advisory or technical assistance to third countries regarding sector policy reform, project and sector management, project implementation, and economic growth promotion strategies in relevant sectors.

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