MCC Statement Regarding Fiscal Year 2008 House Appropriations Subcommittee Markup for State, Foreign Operations Bill
On June 5, 2007, the House Appropriations Subcommittee on State, Foreign Operations, and Related Programs completed its markup of the fiscal year 2008 Appropriations bill.
Alan Patricof and Lorne Craner Join MCC’s Board of Directors
On June 22, 2007, two representatives from the private sector, Alan Patricof and Lorne Craner were confirmed by the Senate and appointed by the President to MCC’s Board of Directors
MCC Board of Directors Approves Poverty Reduction Grants for Lesotho and Mozambique
On June 27, 2007, MCC Board of Directors approved compacts with two African countries—Lesotho and Mozambique
MCC Board Approves Grant To Support Fiscal Reforms in Guyana
On June 27, 2007, MCC Board of Directors approved Threshold Program funding to assist the Government of Guyana
Notable Quotable:
“In 2002, our country launched the Millennium Challenge Account, which encourages governments to invest in their people, to foster economic freedom and growth, and to become more transparent. I'm happy to be the one to tell you that in just a few hours, the board of the Millennium Challenge Corporation will meet to approve a $507 million compact with the government of Mozambique. These resources will strengthen property rights, upgrade your country's roads, improve Mozambican agriculture.
And the largest part of the compact -- more than $200 million -- will provide clean water to urban and rural areas throughout Mozambique by installing water wells in remote villages. The compact will help eliminate mosquito breeding grounds. And by providing safe water for nearly 2 million people, the devastating toll of water-borne diseases -- including malaria -- will be reduced.
President Guebuza and the government of Mozambique have shown great diligence and hard work in developing this Millennium Challenge proposal. Congratulations on this important achievement for your country.”
First Lady Laura Bush
Maputo Seminary Maputo, Mozambique
June 27, 2007
Ask the Expert
Ask Deirdre Fair, Country Director, a question about MCC’s Compact with Lesotho. Should your question be chosen, it will appear with an answer in next month’s Millennium Challenge Monthly. Ask Deirdre a question.
Deidra Fair
Associate Country Director, Lesotho
Deidra Fair is the Associate Country Director for Lesotho at the Millennium Challenge Corporation. Ms. Fair’s duties include managing MCC’s relations with the Government of Lesotho and representing MCC with governments, the private sector, nongovernmental organizations, academia and civil society. She is also responsible for coordinating the activities and providing leadership to the transaction team during the proposal development and due diligence process.
Prior to MCC, Ms. Fair worked at the International Finance Corporation in the Infrastructure Department and Middle East/North Africa Department. As an Investment Officer she worked on transactions in Latin America, South Asia, Southern Europe and Africa. Ms. Fair also has worked in Ghana as a structural engineer for a Ghanaian engineering consulting firm where she helped design several infrastructure projects including roads and office buildings.
Ms. Fair has a B.S. degree from Purdue University in civil engineering and a Master’s of Business Administration from Columbia Business School.
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The Newsletter of the Millennium Challenge Corporation
