Millennium Challenge Corporation

2024 #YearinReview: In May, MCC achieves key milestones in two partner countries: 🇰🇪 #Kenya: MCC launches the $60 million Kenya Urban Mobility and Growth Threshold Program, aimed at improving urban connectivity and reducing transport costs in Nairobi.  🔗 Find out more: https://lnkd.in/ex3dRava 🇲🇼 #Malawi: MCC officially launches the $350 million Malawi Transport and Land Compact, designed to lower transport costs and improve land administration. 🔗 Find out more: https://lnkd.in/eN-gFDXj President Bush, global leaders, and the Corporate Council on Africa celebrate MCC at the “Partners for Prosperity” tribute dinner. This special night in Texas celebrates two decades of poverty-reducing development.  🔗 Learn more: https://lnkd.in/etdDikMm CEO Alice Albright testifies on behalf of MCC before the Senate Appropriations Committee’s State, Foreign Operations, and Related Programs Subcommittee, advocating for MCC’s fiscal year 2025 budget to strengthen American competitiveness. 🔗 Find out more: https://lnkd.in/eJ6YTh35

2024 #YearinReview: In April, as part of MCC’s ongoing 20th anniversary celebration, CEO Alice Albright joins Freedom House President Michael Abramowitz for a discussion on MCC’s commitment to locally led development and its role in supporting democracies worldwide. MCC also signs the $202 Million MCC-Kosovo 🇽🇰 Compact, focusing on enhancing energy reliability and supporting a sustainable energy future. 🔗 Find out more: https://lnkd.in/ecspyfFr

2024 #YearinReview: In March, MCC hosts the “Advancing Policy to Drive Progress” event on Capitol Hill, highlighting two decades of advancing U.S. foreign policy through economic partnerships. March also marks the official launch of $300 million Lesotho Health and Horticulture Compact, which aims to enhance healthcare services, boost high-value crop production, empower women and youth, and create equitable business opportunities for thousands of Basotho citizens. 🔗 READ MORE: https://lnkd.in/eXDsfJbU

MCC’s $649M investment is boosting Indonesia’s economy—from expanding ports to unlocking business financing. Strong Partnerships for bigger opportunities.

MCC's Board of Directors' selection of Liberia reflects the country's significant progress in strengthening its MCC scorecard performance and its dedicated pursuit of economic and democratic governance reforms. READ MORE: https://lnkd.in/evj-Zyzw

2024 #YearinReview: In March, MCC hosts the “Advancing Policy to Drive Progress” event on Capitol Hill, highlighting two decades of advancing U.S. foreign policy through economic partnerships. March also marks the official launch of $300 million Lesotho Health and Horticulture Compact, which aims to enhance healthcare services, boost high-value crop production, empower women and youth, and create equitable business opportunities for thousands of Basotho citizens.

Today Congress passed the Millennium Challenge Corporation Candidate Country Reform Act, empowering the Millennium Challenge Corporation to bring its development tools to diverse regions of the world and create new opportunities for democracies to thrive. By redefining MCC’s candidate country pool, the legislation allows the agency to apply its rigorous partnership selection model to 33 additional countries that fall below the World Bank threshold for initiating the International Bank for Reconstruction and Development (IBRD) graduation process for Fiscal Year 2025. MCC’s time-tested and rules-based approach will remain grounded in a transparent and data-driven process. The MCC Candidate Country Reform Act adds geographical diversity to MCC’s proven model for fostering economic growth, inspiring good government, and promoting private sector investment. 

2024 #YearinReview: In February, CEO Alice Albright visits newly selected partner countries Cabo Verde and the Philippines, reinforcing MCC’s commitment to economic development and shared prosperity.

2024 #YearinReview: In January, MCC kicks off its 20th anniversary celebrations, marking two decades of advancing global economic growth through impactful partnerships. On January 26, the Niger Compact concludes, enhancing food security and strengthening agricultural markets, benefiting nearly 4 million people. 

🚨 As highlighted in last week’s White House Factsheet celebrating U.S.-Africa Partnership two years after the 2022 U.S.-Africa Leaders Summit, MCC is investing in Africa’s future.   Since 2022, MCC has invested nearly $2.4 billion in African partner countries committed to good governance, democratic values, and investing in their people.   Our partnerships are: 🔋 Expanding energy markets 🌾 Enhancing farmers’ supply chain integration 🎓 Improving education access for long-term employment   🔗 Read more about how these investments are driving sustainable development: https://lnkd.in/gUnUD_R8   #USAfricaPartnership #SustainableDevelopment #MCCImpact