This year marked the 10th anniversary of the Millennium Challenge Corporation. What began 10 years ago as a bold new model for development assistance has matured into a powerful tool for incentivizing good governance and economic growth in partner nations around the globe. Today, MCC’s unique approach to development helps countries build strong, stable economies that put people and communities on the path to greater opportunity.
In each MCC partner country I have visited, I have seen these elements at work: a deep commitment to genuine partnership in which governments and citizens shape programs addressing barriers to growth; bold policy and institutional reforms that advance good governance and foster accountability and transparency; and robust engagement with the private sector as an economic multiplier. As the progress captured in this report shows, MCC’s partnerships aim to convert today’s aid recipients into tomorrow’s investment partners who will stand with the United States on a range of shared values.
With the ongoing support of the American people, the Obama administration, Congress, and all our stakeholders, MCC will continue to advance these interests and make a measurable and sustained difference in the lives of the world’s poor.