Millenium Challenge Corporation (MCC)
The Millennium Challenge Corporation (MCC), established by the U.S. in 2004, is a foreign aid agency focused on reducing global poverty through targeted development assistance. Its unique approach involves partnering with countries committed to reforms in governance, economic freedom, and anti-corruption. Key aspects of the MCC’s strategy include allocating aid based on performance indicators related to these reforms, providing significant investments through large-scale compacts with eligible nations, and supporting near-eligible countries with Threshold Programs to help them meet eligibility criteria. The MCC emphasizes recipient country ownership in project design and implementation to ensure local alignment, and it prioritizes measurable outcomes and rigorous evaluation for effective poverty reduction. Additionally, the MCC collaborates with international organizations, local governments, and the private sector to leverage resources and expertise, aiming to promote sustainable development and economic growth in reform-minded countries.
