Updated Jan 18, 2019

Millennium Challenge Corporation  Funding

https://www.mcc.gov/

About Millennium Challenge Corporation

The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty.

Created by the U.S. Congress in January 2004 with strong bipartisan support, MCC is changing the conversation on how best to deliver smart U.S. foreign assistance by focusing on good policies, country ownership, and results.

What is distinctive about MCC?

MCC is a prime example of smart U.S. Government assistance in action, benefiting both developing countries and U.S. taxpayers through: MCC forms partnerships with some of the world’s poorest countries, but only those committed to: MCC provides these well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth.  MCC grants complement other U.S. and international development programs.There are two primary types of MCC grants: compacts and threshold programs. What is MCC achieving?

MCC has approved over $8.4 billion in compact and threshold programs worldwide that support country-determined projects in such sectors as: The aggressive implementation of compacts and threshold programs is promoting growth opportunities, opening markets, raising the standard of living, and creating a more prosperous future for some of the world’s poorest people: MCC is managed by a chief executive officer, who is part of the nine-member Board of Directors. The Secretary of State, the Secretary of the Treasury, the U.S. Trade Representative, and the USAID Administrator serve on the board along with four private sector representatives.
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