Dana Hyde: Value for money at MCC

The Millennium Challenge Corp. hires expert agronomists to facilitate training on irrigation in Africa. As MCC's new CEO, Dana Hyde's challenge is to plan cost-effective policies to deliver value for money programs and projects. Photo by: davetrainer / CC BY-SA

Data-driven, cost-effective policies so the American people always gets their money’s worth for anything their government does on their behalf.

That’s what Dana Hyde wants to accomplish at the Millennium Challenge Corp.

“At MCC, that means calculating economic rates of return to determine what projects will deliver the biggest bang for the buck; it means rigorous measurement and analysis to ensure performance and results,” Hyde said at the Senate Foreign Relations Committee, which on Tuesday heard testimony from several Obama administration nominees to serve in key development roles.

The current associate director for general government programs in the U.S. Office of Management and Budget added that value for money also means “making the results publicly available so the American people and Congress can decide if their money was well spent, and so others can learn from MCC’s experience.”

Hyde has been nominated to replace Daniel Yohannes as CEO of the U.S. government development organization, which seeks “country ownership” through a system of performance indicators and incentives to measure and promote good governance, transparency and other key attributes. Yohannes has been tapped as the next U.S. ambassador to the Organization for Economic Co-operation and Development.

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About the author

  • Igoe michael 1

    Michael Igoe

    Michael Igoe is a Senior Reporter with Devex, based in Washington, D.C. He covers U.S. foreign aid, global health, climate change, and development finance. Prior to joining Devex, Michael researched water management and climate change adaptation in post-Soviet Central Asia, where he also wrote for EurasiaNet. Michael earned his bachelor's degree from Bowdoin College, where he majored in Russian, and his master’s degree from the University of Montana, where he studied international conservation and development.

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