Congressional Budget Justification, FY 2025

MCC’s FY 2025 budget proposal to Congress includes $937 million in discretionary funding to deliver on its mission to reduce poverty through sustainable, inclusive, economic growth.

MCC is poised to expand its model to help lead U.S. government efforts on using infrastructure investments and public-private partnerships to tackle the climate crisis, reverse democratic backsliding, promote inclusion and gender equity, and reduce poverty.

MCC’s FY25 request includes $650 million in compact assistance for the Togo and Zambia Compacts, both completing project development in FY24, and partial funding for The Gambia Compact projected to complete project development and begin negotiations in FY25.

MCC is requesting $31 million for threshold program assistance in FY25 to provide for new country selections to be made in December 2024.

MCC is requesting $105.5 million for compact development funding and due diligence to support monitoring, programmatic oversight, and data collection and evaluation.

For FY 2025, MCC requests $146 million in administrative expenses that support mission critical functions such as human capital, overseas operations, rent, and information technology.

The estimates for the funding level of the Office of Inspector General are based on previously requested levels and the not-to-exceed amount authorized in the Millennium Challenge Act of 2003.

MCC seeks two legislative changes that would increase the agency’s impact and better enable it to fulfill its congressionally mandated mission to reduce poverty through economic growth.

The Annual Performance Report comprises supplemental data and supporting materials used to produce MCC’s budget justification, including MCC’s current portfolio listing, closed compacts results and modifications, sector results, and corporate goals.