The Millennium Challenge Corporation will combine two of its key departments under a single unit and create a portfolio and risk management division under the chief executive officer’s office as part of an organizational realignment as announced July 22 by MCC CEO Daniel Yohannes.
“MCC is combining the Department of Compact Development and the Department of Compact Implementation into one Department of Compact Operations; consolidating economics and monitoring and evaluation staff in an enhanced Department of Policy and Evaluation; and establishing a portfolio and risk management division within the Office of the CEO,” Yohannes said in news release from the agency. “The refined organizational structure will provide greater emphasis on policy reform, risk management, and results.”
Yohannes explained that improving MCC’s organizational effectiveness is one of the five priorities that define his vision for the agency. The other four include:
- Renewing MCC’s focus on results by strengthening the agency’s economic analysis, program monitoring and results reporting capacities. - Increasing the agency’s use of new financing structures and new partnerships, with emphasis on increasing private sector engagement in MCC programs. - Continuously improving MCC’s overall and sector-level policies to improve the sustainability of its projects. MCC also seeks to improve its support for policy improvement initiatives of its partner countries. - Strengthening the agency’s focus on gender and social assessments by expanding the number of MCC staff dedicated to social and gender integration issues.
“I am confident that our focused strategy and our realigned structure will enhance the quality of our work and its impact and will better serve people around the world by ensuring the sustainability of U.S. development investments,” Yohannes remarked.