Millennium Challenge Corporation - MCC

MCC’s Indonesia Compact is transforming lives by improving finance for infrastructure projects and micro, small and medium-sized enterprises to drive economic progress.

Swipe through to explore how this $649M partnership is building a sustainable future for all.

Tap to learn more: https://lnk.bio/s/mccgov/investinIndonesia

MCC’s Board of Directors selected Albania 🇦🇱 as newly eligible to develop a compact, following the passage of the MCC Candidate Country Reform Act.

This selection acknowledges Albania’s democratic history, the efforts of its institutions to fight corruption and uphold the rule of law, and the country’s ongoing development challenges.

Read More: https://lnk.bio/s/mccgov/albania

MCC and the Government of Mauritania 🇲🇷 signed a $27 million threshold program to modernize the country’s energy sector and enhance environmental resilience.

This program will:
1️⃣ Support Mauritania’s goal of universal access to electricity by 2030.
2️⃣ Build capacity for effective energy management and grid operation.
3️⃣ Advance environmental sustainability through institutional strengthening.

MCC is partnering with Mauritania to drive inclusive growth and tackle critical challenges.

🔗 Learn more: https://lnk.bio/s/mccgov/mauritaniathreshold

2024 : This December, CEO Alice Albright joins President Biden’s delegation to Angola representing MCC and its partnerships in Africa.
As part of the National Defense Authorization Act, President Biden signed the

MCC Candidate Country Reform Act into law, expanding our candidate country pool to 33 additional countries. This legislation strengthens our mission to reduce poverty through economic growth.

🔗 Learn more: https://lnk.bio/s/mccgov/review2024

In November, the MCC Board approves the Mauritania Threshold Program, marking a significant step toward advancing economic growth and sustainable development in the region.
🔗 Find out more: https://lnk.bio/s/mccgov/review2024

2024 : In October, MCC signs the $491 million Zambia Farm-to-Market Compact, expanding MCC’s total investments in Zambia to over $800 million. This transformative partnership focuses on strengthening Zambia’s agricultural sector through agro-processing infrastructure, fostering inclusive economic growth.

We also celebrate the Zambia-MCC partnership alongside Feed the Future at the 2024 World Food Prize event. Key leaders in agriculture and development highlight efforts to tackle food insecurity and drive economic progress through collaborative initiatives between the U.S. government and Zambia.
🔗 Find out more: https://lnk.bio/s/mccgov/review2024

2024 : In September, MCC strengthens its global partnerships through significant agreements:

🇧🇿 Belize: On September 4, MCC CEO Alice Albright and Prime Minister John Briceño sign a $125 million compact aimed at enhancing secondary education and reducing electricity costs in Belize.
🔗 Find out more: https://lnk.bio/s/mccgov/belize

🇸🇱 Sierra Leone: On September 27, MCC signs a $480 million compact with Sierra Leone to improve access to affordable and reliable electricity for 4.6 million people. 🔗 Read more: https://lnk.bio/s/mccgov/SierraLeone

🇮🇩 Indonesia: MCC launches the $698 million Indonesia Compact, focusing on advancing access to finance for small and medium-sized enterprises, particularly those owned by women, and enhancing transportation and logistics infrastructure. 🔗 Learn more: https://lnk.bio/s/mccgov/indonesiacompact

MCC hosts an official side event with Power Africa to discuss how strategic investments, and regional partnerships can improve access to affordable electricity for millions in West Africa.

On September 18, The Council on Foreign Relations hosts a panel discussion titled “The Millennium Challenge Corporation at 20: Progress and Prospects.”The event features MCC CEO Alice Albright, Ambassador Lynn Raymond Young of Belize, and Gary Edson, former Deputy National Security Advisor. The three panelists reflect on MCC’s two decades of promoting economic development and poverty reduction and discuss the future of economic diplomacy and the evolving challenges in global poverty.
🔗 Read more: https://lnk.bio/s/mccgov/cfrevent

🇨🇮 MCC Board approves Cote d’Ivoire Regional Compact.
🔗 Find out more: https://lnk.bio/s/mccgov/review2024

As part of the National Defense Authorization Act, President Biden signed the MCC Candidate Country Reform Act into law, expanding our candidate country pool to 33 additional countries. This legislation strengthens our mission to reduce poverty through economic growth.

🔗 Read more: https://lnk.bio/s/mccgov/statement

2024 : In July, MCC is named the world’s most transparent bilateral development agency for the third consecutive time by the 2024 Aid Transparency Index, ranking third among all major international organizations.

MCC CEO Alice Albright also visits Seattle to tour the MCC-funded UUTI Summer Academic Program at the University of Washington, where 50 high school students from 🇰🇮 are participating in English-language courses and life skills training to boost their future career prospects.
🔗 Read more: https://lnk.bio/s/mccgov/Kiribati

Additionally, MCC launches a public consultation draft on its approach to country ownership, inviting feedback from partners and experts around the world to refine strategies for fostering sustainable, locally led development.
🔗 Read more: https://lnk.bio/s/mccgov/Countryownership

2024 : In May, MCC achieves key milestones in two partner countries:

🇰🇪 : 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://lnk.bio/s/mccgov/kenya

🇲🇼 : MCC officially launches the $350 million Malawi Transport and Land Compact, designed to lower transport costs and improve land administration.
🔗 Find out more: https://lnk.bio/s/mccgov/malawi

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://lnk.bio/s/mccgov/tributedinner

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://lnk.bio/s/mccgov/testifies