MCC's next chapter: How funding, second compacts will shape the debate

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Tomorrow, the Millennium Challenge Corp.’s board of directors will hold their much anticipated fourth quarter meeting in Washington. Board members are expected to tackle, among other issues, which countries will be eligible for compact assistance in fiscal 2014.

MCC’s board meets at a critical time of transition for the agency. Tapped by U.S. President Barack Obama as the next U.S. ambassador to the Organization for Economic Cooperation and Development, MCC CEO Daniel Yohannes is stepping down after four years at the helm. Dana Hyde, associate director for general government programs in the U.S. Office of Management and Budget, has been nominated by Obama to replace Yohannes.

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About the author

  • Piccio

    Lorenzo Piccio

    Lorenzo is a contributing analyst for Devex. Previously Devex's senior analyst for development finance in Manila, he is currently an MA candidate in international economics and international development at the Johns Hopkins School of Advanced International Studies in Washington. Lorenzo holds a bachelor's degree in government and social studies from Wesleyan University.