MCC CEO Briefs Congress on FY 2009 Budget Request
On February 26, 2008, Ambassador John Danilovich, CEO of the Millennium Challenge Corporation, testified before Congress on the agency’s Fiscal Year 2009 budget request.
MCC and DFID Sign Agreement to Coordinate Poverty-Reduction Efforts
On February 19, 2008, the Millennium Challenge Corporation and the UK Department for International Development signed a Memorandum of Understanding to increase coordination and make their poverty reduction efforts more effective in Africa and throughout the globe.
The United States and Tanzania Sign $698 Million Poverty Reduction Grant
On February 17, 2008, President Bush and Tanzanian President Kikwete signed a $698 million Millennium Challenge grant in a ceremony in Dar es Salaam, Tanzania. MCC’s largest compact to date, the program will reduce poverty by increasing household incomes through investments in transportation, energy, and water
President Requests Increase in Funding for Innovative Foreign Aid Agency
On February 4, 2008, President Bush submitted his Fiscal Year 2009 Budget to Congress, recommending $2.225 billion for Millennium Challenge Corporation. This request represents a $680 million increase over last year’s enacted level and reaffirms President Bush’s continued commitment to MCC’s mission to reduce poverty through sustainable economic growth in the developing world.
Features:
Watch President George Bush and President Jakaya Kikwete of Tanzania sign the $698 million Millennium Challenge Compact in Dar es Salaam.
Watch MCC CEO Ambassador John Danilovich and DFID's Douglas Alexander MP sign a Memorandum of Understanding at DFID Headquarters in London.
Read the latest installments of Ambassador Danilovich’s blog on his recent tavel to Miami, Morocco and London. |
The Newsletter of the Millennium Challenge Corporation
