This week, the Millennium Challenge Corporation released its Business Forecast for the fiscal year 2018. The forecast, like its counterpart at the United States Agency for International Development, is an indicative pipeline of opportunities for businesses to contract and work with MCC. The opportunities vary greatly in nature — some are job vacancies in Washington, D.C., others are for monitoring and evaluation services in compact countries.
Like USAID, MCC gives ranges of what they expect to spend for each opportunity, rather than discrete budget estimates. As a result, the summed budget for the year is also a range: according to the forecast, MCC expects to spend between $72 million and $362 million in 2018 on 205 different opportunities.
About the author
Matthew Wolf@thisismattwolf
Matthew Wolf works with Devex's Development Data team from Johannesburg in South Africa, helping improve our coverage of and insight into development work and funding around the world. He draws on work experience with Thomson Reuters in Africa, MENA and Latin America, where he helped uncover, pursue and win opportunities with local governments and donor agencies. He is interested in data-driven solutions to development challenges, results-based financing, and ICT4D.
