TCP is shown to be inefficient and instable in high speed and long latency networks. The eXplicit Control Protocol (XCP) is a new and promising protocol that outperforms TCP in terms of efficiency, stability, queue size, and convergence speed. However, Low et al. recently discovered a weakness of XCP. In a multi-bottleneck environment, XCP may achieve as low as 80% utilization at a bottleneck link and consequently some flows may only receive a small fraction of their max-min fair rates. This paper proposes iXCP, an improved version of XCP. Extensive simulations show that iXCP overcomes the weakness of XCP, and achieves efficient and fair bandwidth utilization in both single- and multi- bottleneck environments. In addition, we prove that iXCP is max-min fair in steady state. This result implies that iXCP is able to fully utilize bottleneck bandwidth. Simulations also show that iXCP preserves the good properties of XCP, including negligible queue lengths, near-zero packet loss rates, sc...