The Millennium Challenge Corporation’s board held its first meeting of the Trump administration on Thursday, where it voted on the proposed terminations of some of the agency’s programs and approved new projects.
All eyes were on the much-anticipated meeting where administration officials would weigh in on the fate of the agency and its programs after months of questions about its future.
“MCC is an important tool to advance President Trump’s America First policy agenda,” Christopher Landau, deputy secretary of state and acting chair of MCC’s board, said in a statement after the meeting. “With a focus on return on investment, an evidence-based approach, and a strict five-year implementation timeline, MCC ensures U.S. taxpayer dollars advance U.S. interests.”
About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
