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2020 Annual Report

Economic Growth through Innovation, Reform, and Accountability

Economic Growth through Innovation, Reform, and Accountability

Since its creation in 2004, MCC has transformed lives and created opportunities in its partner countries by focusing on one mission: reducing poverty through economic growth. By taking a country-led, results-driven approach to foreign assistance, MCC empowers the poor and catalyzes private investment for public good, creating a more secure world with more opportunities for economic growth at home and abroad.

  1. Introduction

    In FY20, MCC implemented a robust response to COVID-19 both at headquarters and overseas, continued to advance women’s economic empowerment, and celebrated key milestones including signing a new compact with Burkina Faso and the El Salvador Compact closeout.

  2. Driving Progress

    Since its founding, MCC and its partner countries have completed 28 compacts, totaling more than $9 billion in total expenditures. One country completed its MCC compact in fiscal year 2020.

  3. Leveraging Partnerships

    MCC has broadened and deepened its partnerships with partner country governments, public donors, the private sector, and other U.S. Government agencies to further its impact, scale, and innovation as well as the sustainability of its programs.

  4. Efforts to Advance Global Development

    By holding its partner countries accountable to high standards of good governance and by capitalizing on private investment and expertise, MCC is delivering development results and creating new opportunities for U.S. firms in frontier markets.

Since its creation in 2004, MCC has transformed lives and created opportunities in its partner countries by focusing on one mission: reducing poverty through economic growth. By taking a country-led, results- driven approach to foreign assistance, MCC empowers the poor and catalyzes private investment for public good, creating a more secure world with more opportunities for economic growth at home and abroad.