Millennium Challenge Corporation - MCC

Millennium Challenge Corporation - MCC Welcome to MCC - a United States Government agency reducing poverty through economic growth in developing countries. For official information, please visit http://www.mcc.gov.

For MCC's privacy policy, visit http://www.mcc.gov/privacy The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. Government foreign aid agency that is helping lead the fight against global poverty. Established in January 2004, MCC is based on the principle that aid is most effective when it reinforces good governance, economic freedom and investments in people. MCC’s mission is to reduce global poverty through the promotion of sustainable economic growth.

08/12/2021

📢 In episode 3 of "On Development," MCC's podcast, MCC VP Aysha House hosts a panel discussion on the importance of nutrition programs in the developing world with USAID - US Agency for International Development Chief Nutritionist Shawn Baker and MCC Deputy VP Katerina “Kat” Ntep.

This episode explores the foundational nature of nutrition in international development and how agencies across government can best leverage their strengths for maximum impact. Listen in and let us know what topics you'd like to hear MCC cover! https://www.mcc.gov/news-and-events/podcast/episode-081121-nutrition-pt1

Today the Biden-Harris administration announced its intent to nominate Alice Albright to be MCC's Chief Executive Office...
08/06/2021

Today the Biden-Harris administration announced its intent to nominate Alice Albright to be MCC's Chief Executive Officer. Read MCC’s press release about the announcement: https://www.mcc.gov/news-and-events/release/release-080621-white-house-nominates-alice-albright-as-ceo-of-mcc

Today the Biden-Harris administration announced its intent to nominate Alice Albright to be MCC's Chief Executive Officer. Read MCC’s press release about the announcement: https://www.mcc.gov/news-and-events/release/release-080621-white-house-nominates-alice-albright-as-ceo-of-mcc

MCC's Deputy CEO Alexia Latortue and Principal Deputy Vice President Kyeh Kim are both participating at the Corporate Co...
07/23/2021

MCC's Deputy CEO Alexia Latortue and Principal Deputy Vice President Kyeh Kim are both participating at the Corporate Council on Africa's 2020 U.S. Africa Business Summit on Tuesday, July 27. Deputy CEO Latortue is participating on the "Infrastructure Development: Catalyst for Economic Reboot" panel and VP Kim is participating on the "Prosper Africa 2021: Building Back Better Together" panel.

MCC's Deputy CEO Alexia Latortue and Principal Deputy Vice President Kyeh Kim are both participating at the Corporate Council on Africa's 2020 U.S. Africa Business Summit on Tuesday, July 27. Deputy CEO Latortue is participating on the "Infrastructure Development: Catalyst for Economic Reboot" panel and VP Kim is participating on the "Prosper Africa 2021: Building Back Better Together" panel.

Alexia Latortue, MCC's Deputy CEO, will join be joining Corporate Council on Africa and other leaders at the 2021 #Afric...
07/20/2021

Alexia Latortue, MCC's Deputy CEO, will join be joining Corporate Council on Africa and other leaders at the 2021 #AfricaBizSummit to discuss MCC’s infrastructure priorities. https://cca.glueup.com/event/u-s-africa-business-summit-2021-35917/

Alexia Latortue, MCC's Deputy CEO, will join be joining Corporate Council on Africa and other leaders at the 2021 #AfricaBizSummit to discuss MCC’s infrastructure priorities. https://cca.glueup.com/event/u-s-africa-business-summit-2021-35917/

07/15/2021

Yesterday, MCC Deputy CEO Alexia Latortue joined Kavitha Prabhaker, Deloitte’s Chief DEI Officer, for a keynote fireside chat at ACT IAC's Women in Leadership Forum. Their powerful discussion included DEI, gender, and the importance of grace in leadership and in creating our new work cultures as we emerge from the pandemic.

Land is vital for economic growth and poverty reduction. Check out MCC’s latest Issue Brief—Land 2.0—MCC’s updated visio...
07/13/2021
Issue Brief: Land 2.0 | Millennium Challenge Corporation

Land is vital for economic growth and poverty reduction. Check out MCC’s latest Issue Brief—Land 2.0—MCC’s updated vision and strategic directions for land, focusing on why land matters to poverty reduction and economic growth, when land appears in MCC’s work, and what principles should guide analysis, development and implementation of land-related investments. Land 2.0 reflects over 15 years of MCC land investing, including lessons, sector trends, and other developments in MCC’s work.

https://www.mcc.gov/resources/doc/issue-brief-land

This Issue Brief outlines the mandate and strategic direction for the land portion of MCC’s Land and Agricultural Economy (LAE) Practice. The LAE Practice has implemented and learned from more than 15 years of land-related investing at MCC, lessons and trends in the sector more broadly, and the ev...

MCC’s Board of Directors unanimously approved a $498.7 million compact with the Government of Tunisia to strengthen Tuni...
06/30/2021

MCC’s Board of Directors unanimously approved a $498.7 million compact with the Government of Tunisia to strengthen Tunisia’s transportation, trade and water sectors in its quarterly Board meeting today. The five-year grant includes projects designed to make trade with Tunisia easier and less expensive by investing in the management, expansion and digitization of the Port of Rades, as well as improve the management and conservation of the country’s groundwater resources. https://www.mcc.gov/news-and-events/release/release-063021-mcc-board-approves-tunisia-compact

MCC’s Board of Directors unanimously approved a $498.7 million compact with the Government of Tunisia to strengthen Tunisia’s transportation, trade and water sectors in its quarterly Board meeting today. The five-year grant includes projects designed to make trade with Tunisia easier and less expensive by investing in the management, expansion and digitization of the Port of Rades, as well as improve the management and conservation of the country’s groundwater resources. https://www.mcc.gov/news-and-events/release/release-063021-mcc-board-approves-tunisia-compact

06/24/2021

In episode two of "On Development," MCC's relaunched podcast, Deputy Chief Executive Officer Alexia Latortue continues her conversation with Dr. Donald Kaberuka, renowned economist and Co-chair of the United Nations Secretary-General’s High-Level Panel on Internal Displacement. This episode focuses on private sector investment and the African Continental Free Trade Area. Listen in and let us know what development topics you'd like to see MCC cover! https://www.mcc.gov/news-and-events/podcast/episode-062421-kaberuka-pt2

Watch Deputy CEO Alexia Latortue at the USGLC Global Impact Forum today at 2:30 pm EDT. She joins a panel discussion on ...
06/15/2021
U.S. global engagement matters more than ever. I’m joining @USGLC @GIF2021 on June 15th to shape the debate with leaders from business, non-profit, faith, and national security across the country.

Watch Deputy CEO Alexia Latortue at the USGLC Global Impact Forum today at 2:30 pm EDT. She joins a panel discussion on America’s critical role in addressing climate-driven challenges around the world, particularly in low-income countries. https://forum.usglc.org/globalimpactforum

Special Assistant to the President and Senior Director for Global Health Security and Biodefense, National Security Council

Join MCC's event: Powering African Growth – Regional Integration: https://www.mcc.gov/news-and-events/event/outreach-061...
06/09/2021
Panel Discussion: Powering African Growth – Regional Integration | Millennium Challenge Corporation

Join MCC's event: Powering African Growth – Regional Integration: https://www.mcc.gov/news-and-events/event/outreach-061721-powering-african-growth

Join MCC's event: Powering African Growth – Regional Integration. The event will cover the role regional markets play in continental growth and how key institutions – such as the Economic Community of West African States (ECOWAS), the World Bank, the African Continental Free Trade Area, and MCC....

"The supply of talent is there…and so is the demand. So why are African entrepreneurs receiving less than two percent of...
06/02/2021
It’s Time to Connect African Entrepreneurs to Global Venture Capital

"The supply of talent is there…and so is the demand. So why are African entrepreneurs receiving less than two percent of the global venture capital funding their U.S.-based counterparts receive? How can the development community help to unlock Africa’s innovation potential to catalyze African-led economic growth and prosperity from the ground up?"

On Medium, Minh H. Chau, Presidential Innovation Fellow at #MCC, highlights how the MCC-led Data Collaboratives for Local Impact (#DCLI) program that has been supporting innovators and entrepreneurs through a series of innovation challenges resulting in grants, mentorship, and has led to nearly 60 data and digital solutions.

👉Read more: https://mccgov.medium.com/its-time-to-connect-african-entrepreneurs-to-global-venture-capital-7e7bbfc0b5b0

#partnership #innovation #entrepreneruship dLab Tanzania

Minh H. Chau, Presidential Innovation Fellow, Millennium Challenge Corporation

President Biden has released his FY2022 budget request to Congress today, which included $912 million for MCC to continu...
05/28/2021

President Biden has released his FY2022 budget request to Congress today, which included $912 million for MCC to continue its work developing and implementing programs designed to fight poverty and foster economic growth in partner countries.
This request will specifically support the continued development of compacts in Tunisia, Lesotho, Timor-Leste, Kosovo, Indonesia, Malawi, Mozambique, and Sierra Leone. The request will also provide funding to develop potential concurrent compacts for regional integration with Benin and Niger – to enhance cross-border transport – as well as with Burkina Faso and Cote d’Ivoire to provide stability to the West African Power Pool interconnected network.
MCC has a strong and tested model that pairs investments of large grants with critical policy and institutional reforms. We use a targeted, evidence-based approach and partnership focus on strategic priorities in climate, inclusion and gender equality, and catalyzing private sector investment. https://www.mcc.gov/news-and-events/release/release-052821-cbj-fy2022

President Biden has released his FY2022 budget request to Congress today, which included $912 million for MCC to continue its work developing and implementing programs designed to fight poverty and foster economic growth in partner countries.
This request will specifically support the continued development of compacts in Tunisia, Lesotho, Timor-Leste, Kosovo, Indonesia, Malawi, Mozambique, and Sierra Leone. The request will also provide funding to develop potential concurrent compacts for regional integration with Benin and Niger – to enhance cross-border transport – as well as with Burkina Faso and Cote d’Ivoire to provide stability to the West African Power Pool interconnected network.
MCC has a strong and tested model that pairs investments of large grants with critical policy and institutional reforms. We use a targeted, evidence-based approach and partnership focus on strategic priorities in climate, inclusion and gender equality, and catalyzing private sector investment. https://www.mcc.gov/news-and-events/release/release-052821-cbj-fy2022

Thank you Society for International Development for convening our Deputy CEO Alexia Latortue, U.S. International Develop...
05/27/2021

Thank you Society for International Development for convening our Deputy CEO Alexia Latortue, U.S. International Development Finance Corporation, and USAID - US Agency for International Development in conversation about USG’s vital role in the fight against #climatechange. MCC is committing more than 50% of our program funding to climate-related investments over the next 5 years.

Thank you Society for International Development for convening our Deputy CEO Alexia Latortue, U.S. International Development Finance Corporation, and USAID - US Agency for International Development in conversation about USG’s vital role in the fight against #climatechange. MCC is committing more than 50% of our program funding to climate-related investments over the next 5 years.

05/26/2021

It’s here! MCC has officially launched its new podcast series #DevelopmentMatters. Check out Episode 1 - MCC’s Deputy CEO Alexia Latortue speaks with Dr. Donald Kaberuka, the former President of the African Developmental Bank, and a special envoy for the African Union to mobilize international economic support for the fight against COVID-19.

In this episode, Dr. Kaberuka discusses the intersection between global health security and global health equity, and how COVID-19 has had a disproportionate effect on Africa. With decades of experience in economic development, Dr. Kaberuka has a keen insight on how Africa can recovery and continue to grow. #AfricaDay202
https://www.mcc.gov/podcast

Combatting #climatechange requires bold action and MCC Deputy CEO @Alexia Latortue is looking forward to sharing how MCC...
05/26/2021
Climate-Smart Development | Millennium Challenge Corporation

Combatting #climatechange requires bold action and MCC Deputy CEO @Alexia Latortue is looking forward to sharing how MCC is leading by example to meet this existential threat. At @SocietyforInternationalDevelopment’s Climate Change Plenary session she will discuss how MCC is strengthening and deepening its commitment to addressing climate change to support sustainable and inclusive growth in its partner countries. Learn more about MCC's Climate Smart Development priorities: www.mcc.gov/climate #SIDWConference

Climate change is a defining issue of our time. We must prioritize climate-smart investments now to counter the catastrophic risks posed by climate change.

Millennium Challenge Coordinating Unit-S/L  #AfricaDay2021
05/25/2021

Millennium Challenge Coordinating Unit-S/L #AfricaDay2021

Millennium Challenge Coordinating Unit-S/L #AfricaDay2021

MCA-Sénégal II #AfricaDay2021
05/25/2021

MCA-Sénégal II #AfricaDay2021

MCA-Sénégal II #AfricaDay2021

MCA-Niger #AfricaDay2021
05/25/2021

MCA-Niger #AfricaDay2021

MCA-Niger #AfricaDay2021

Millennium Development Authority #AfricaDay2021
05/25/2021

Millennium Development Authority #AfricaDay2021

Millennium Development Authority #AfricaDay2021

MCA-Côte d'Ivoire #AfricaDay2021
05/25/2021

MCA-Côte d'Ivoire #AfricaDay2021

MCA-Côte d'Ivoire #AfricaDay2021

Millennium Challenge Account Bénin II #AfricaDay2021
05/25/2021

Millennium Challenge Account Bénin II #AfricaDay2021

Millennium Challenge Account Bénin II #AfricaDay2021

“#AfricaDay2021 is a wonderful reminder of the importance of unity and solidarity—within societies at the national level...
05/25/2021
MCC Celebrates Africa Day 2021 | Millennium Challenge Corporation

“#AfricaDay2021 is a wonderful reminder of the importance of unity and solidarity—within societies at the national level, across countries on the continent, and with the international community. It is only through a collaborative approach that we will achieve a sustainable and inclusive recovery from COVID-19. As an American with African roots, I believe that, together, we can build a brighter future for Africa and its people.” –MCC Acting CEO Mahmoud Bah.
https://www.mcc.gov/blog/entry/mcc-celebrates-africa-day-2021

On Africa Day 2021, the Acting CEO of the Millennium Challenge Corporation, Mahmoud Bah, takes a look at some of the challenges and opportunities on the continent in the coming years.

Since 2004, MCC has invested more than $9 billion with 24 partner countries across #Africa. But this is only the beginni...
05/25/2021

Since 2004, MCC has invested more than $9 billion with 24 partner countries across #Africa. But this is only the beginning. MCC remains committed to partnering wherever possible across the continent to foster inclusive economic growth. In celebration of the founding of the Organization of African Unity – the predecessor to the African Union, and in recognition of our Africa partners, we will be sharing messages all day. Also, check back later for news about our work in #WestAfrica, and details on Episode 1 of our new podcast series #DevelopmentMatters tomorrow with @DonaldKaberuka. #AfricaDay2021

Since 2004, MCC has invested more than $9 billion with 24 partner countries across #Africa. But this is only the beginning. MCC remains committed to partnering wherever possible across the continent to foster inclusive economic growth. In celebration of the founding of the Organization of African Unity – the predecessor to the African Union, and in recognition of our Africa partners, we will be sharing messages all day. Also, check back later for news about our work in #WestAfrica, and details on Episode 1 of our new podcast series #DevelopmentMatters tomorrow with @DonaldKaberuka. #AfricaDay2021

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