In July 2005, the Millennium Challenge Corporation signed a five-year, $110 million Compact with the Government of Cape Verde aimed at contributing to the transformation of their economy from aid-dependency to sustainable, private-sector led growth. The strategic investments in three projects will improve the country's investment climate and reform the financial sector; improve infrastructure to support increased economic activity and provide access to markets, employment, and social services; increase agricultural productivity and raise the income of the rural population; and carry out some key policy reforms needed for sustained economic growth.