The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty.
Created by the U.S. Congress in January 2004, MCC is changing the conversation on how best to deliver smart U.S. foreign assistance by focusing on good policies, country ownership, and results.
MCC is advancing American values and interests by reducing global poverty through economic growth. The MCC model fulfills this mission by focusing on policy reforms, economic growth opportunities that deliver tangible results and shared learning on what is and is not working. This approach makes development assistance more effective, improves the lives of the world’s poor and creates the markets of the future, with whom companies can do business and trade.
MCC forms partnerships with some of the world’s poorest countries, but only those committed to:
MCC provides these well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth. MCC grants complement other U.S. and international development programs.There are two primary types of MCC grants:
The Secretary of State, the Secretary of the Treasury, the U.S. Trade Representative, and the USAID Administrator serve on the MCC board along with four private sector representatives.
Achievements
MCC has approved over $8.4 billion in MCC Compact and Threshold Programs worldwide that support country-determined projects in such sectors as:
Compact Countries
Armenia
Mali
Benin
Moldova
Burkina Faso
Mongolia
Cape Verde
Morocco
El Salvador
Mozambique
Georgia
Namibia
Ghana
Nicaragua
Honduras
Philippines
Jordan
Senegal
Lesotho
Tanzania
Madagascar
Vanuatu
Threshold Program Countries
Albania
Paraguay
Burkina Faso
Peru
Guyana
Philippines
Indonesia
Rwanda
Jordan
Timor-Leste
Kenya
Tanzania
Kyrgyz Republic
Saõ Tomé and Principe
Liberia
Uganda
Malawi
Ukraine
Moldova
Zambia
Niger
Impact
The aggressive implementation of compacts and threshold programs is promoting growth opportunities, opening markets, raising the standard of living, and creating a more prosperous future for some of the world’s poorest people: