What is MCC?
The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign assistance agency that is helping lead the fight against global poverty. Created by the U.S. Congress in 2004 with strong bipartisan support, MCC is changing the conversation on how best to deliver smart U.S. foreign assistance by focusing on good policies, country
ownership, and results. |
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“We will seek
development that is sustainable. Building in part on the lessons of the Millennium Challenge Corporation… we will invest in the capacity of countries that are proving their commitment to development. —President Barack Obama September 22, 2010
MCC forms partnerships with some of the world’s poorest countries, but only those committed to
- good governance,
- economic freedom, and
- investments in their citizens.
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: MCC compacts and Threshold Programs.
- MCC Compacts are large, five-year grant programs for countries that pass MCC’s eligibility criteria.
- Threshold Programs are smaller-scale grants awarded to countries that come close to passing these criteria and are firmly committed to improving their policy performance.
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| MCC is led by a Chief Executive Officer and is governed by a nine-member board of directors. The MCC Board is comprised of the MCC CEO, the Secretary of State, the Secretary of the Treasury, the U.S. Trade Representative, and the USAID Administrator, along with four private sector representatives. |
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$8.79 Billion
in Poverty
Reduction
Compacts
Compact Countries
- Armenia*
- Benin
- Burkina Faso
- Cape Verde
- El Salvador
- Georgia
- Ghana
- Honduras*
- Indonesia
- Jordan
- Lesotho
- Madagascar*
- Malawi
- Mali
- Moldova
- Mongolia
- Morocco
- Mozambique
- Namibia
- Nicaragua*
- Philippines
- Senegal
- Tanzania
- Vanuatu
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