The Millennium Challenge Corporation — a U.S. development agency known for its data-driven approach to foreign aid — is facing a dramatic reckoning.
Following the dismantling of the U.S. Agency for International Development, an internal email seen by Devex suggests MCC could be next. Staff were recently offered early retirement or deferred resignation packages, and sources say that preparations are underway to cancel contracts and begin winding down active programs. While no public announcement has been made, the signs point toward a dramatic downsizing — or even full closure — of the 21-year-old agency.
That raises a critical question: What’s at stake?