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Millennium Challenge Corporation (MCC) Description, Background & Business

Millennium Challenge Corporation (MCC) Description, Background & Business. Formally established in 2004 as a new, independent government corporation managed by a CEO and overseen by a Board

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Millennium Challenge Corporation (MCC) Description, Background & Business

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  1. Millennium Challenge Corporation (MCC) Description, Background & Business

  2. Formally established in 2004 as a new, independent government corporation managed by a CEO and overseen by a Board Fulfills President Bush’s 2002 Monterrey commitment to “provide greater resources to countries taking greater responsibility for their own development” Illustrates that development is a key pillar in the US national security strategy -- helps to build democratic societies Mission: Poverty Reduction Through Economic Growth MCA resources add to other U.S. aid The process: eligibility, approval, MCAs, Threshold--procurement, Compact--procurement, Procurement Agent, Fiscal Agent Millennium Challenge Account (MCA)

  3. Eligibility • MCC eligibility intended as a reward to countries for good policy performance and be an incentive to improve further. • A “candidate country” must meet one of the following income criteria and cannot be statu­torily ineligible to receive U.S. economic assistance under the Foreign Assistance Act or any other provision of law. • Low Income Category: countries with a per capita income among the poorest 75 countries; or • Lower Middle Income Category: countries with a per capita income above the poorest 75 countries but below $4,125.

  4. Eligibility (cont) • To evaluate policy performance, MCC uses objective and quantifiable policy in­dicators in three broad policy categories: • Ruling Justly, • Investing in People, and • Encouraging Economic Freedom. • MCC favors policy indicators developed by independent third party institutions that rely on objective, publicly available data and have an analytically rigorous methodology. • MCC seeks indicators that have broad country coverage, cross-country comparability, and broad consistency in results from year to year.

  5. Indicators Used

  6. Countries with Completed Compacts since 2004 (in millions)

  7. Overview: MCC Africa Engagement

  8. Current MCC Threshold Countries FY2016 (in millions)

  9. MCC Ongoing Compacts FY2016 (in millions)

  10. Planned MCC Compacts

  11. MCC Latest Commitment • MCC launched its latest commitment to help mobilize the private sector. • MCC’s new Public-Private Partnership (P3) Platform includes a commitment of $70M in MCC grants -incl. $52M in Africa- to support public-private partnerships in partner countries. This new commitment is expected to generate $1bn in private-sector investments over the next five years.

  12. Compact Commitment per Sector

  13. Contact The PFD Group 818 18th Street, NW, Suite 1010Washington, D.C. 20006USATel. + 1 202 785-0052               + 1 202 785-0053     Fax + 1 202 521-0596 Email: Mr. Spiros Voyadzis spiros.voyadzis@pfdusllc.com

  14. Thank You! This presentation is the property of PFD Group. Any use without the explicit agreement by PFD Group is illegal. This presentation is protected by professional privilege. Please do not forward it or copy its content.

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