Results for Whom?

Posted on December 1, 2011 by Daniel W. Yohannes, Chief Executive Officer, MCC

The Fourth High Level Forum on Aid Effectiveness took place this week as government leaders from over 150 countries gathered to discuss progress made on donor promises to tackle global poverty. These discussions started with the Paris Declaration in 2004, then the Accra Agenda for Action in 2008 and continued in Busan. Delegates talked about “ownership,” “mutual accountability” and “outcomes.” Ownership is about countries determining and driving their own development priorities. Mutual accountability means we work in partnership—as donor and recipient countries—to achieve development solutions and share responsibility for successes and failures. And as partners, we are committed to delivering tangible outcomes and meaningful impacts–the ultimate result of any assistance.

MCC's Sheila Herrling, Daniel W. Yohannes, and David Weld participate in discussions at this week's 4th High Level Forum on Aid Effectiveness.

Achieving results was a major theme that weaved through discussions at Busan. Results-focused aid is a shared objective. Yet, an interesting set of questions around “how” and “for whom” remains. Who defines results? How are they obtained? Do process results no longer matter? Are we measuring results for donors, for recipients or for both? MCC brings much to the table in terms of putting a results-focused assistance program into practice. As Secretary of State Hillary Rodham Clinton said in her speech at the forum’s opening ceremony, MCC is a pioneer in measuring results. Some thoughts based on our experience at MCC:

First, how we pursue a results-focused approach matters. Country ownership is bigger and deeper than consultations around a national development strategy. As MCC Vice President Sheila Herrling mentioned during Tuesday’s Results Thematic Session, a big part of that ownership is how countries include civil society in results setting and results monitoring, and how countries and donors find ways to share that information transparently and accessibly with the public. During my remarks at the Results Plenary, I stressed that inclusive, country-driven development must embrace the voices of women because we know gender equality is key to development effectiveness. Efforts to more purposefully examine how a results agenda can strengthen country systems and institutions will ultimately lead to better and more sustainable outcomes.

Second, focusing on outcomes and impact is absolutely the right approach. That said, we should not lose sight of monitoring and evaluating policy reforms and intermediate targets, which help us establish the path to outcomes and impact. At MCC, we embrace an innovative “continuum of results” — tracking, measuring and publicly communicating results along the entire lifecycle of each country-determined program we fund, from inputs, to outputs, to policy reforms, and ultimately to measurable outcomes for beneficiaries. We count interim milestones met along the way because each one brings us a step closer to reaching the program goal. MCC’s continuum of results also includes post-program impact evaluations to help us improve accountability, determine if observed outcomes are attributable to MCC’s investments and to learn whether programs were designed correctly. Because MCC’s continuum of results is built on transparency and critical learning, it becomes a tool for assessing what works and does not work in development and what can be improved for the future.

Third, the question of “results for whom” got a lot of play in Busan. To be accountable to their own citizens, partner countries must answer this often difficult question and demonstrate how development resources are used and what results they achieve. As we discuss our drive for positive results, we must never lose sight of what an actual result means for ordinary men and women around the world. Ayesha Otibo, the chairwoman of a farmer-based organization comprised of 50 female rice processors in Ghana, received training on ways to develop her business and increase crop production. Ghanaian pineapple farmers, like Tony Botchway, used MCC support to seek new markets. Andre Soui-Guidi, a business owner in Benin, is now able to access credit in order to expand his operations and create more jobs for his fellow citizens. At the same time, we cannot and should not ignore the fact that results matter also for the taxpayers of donor countries who, even during these challenging economic times, want to continue funding for development. Our ability to demonstrate that their investments are paying off—that developing countries are improving governance and democratic rights, assistance is reaching the poor, and investments are yielding positive returns--is critical to sustaining strong development cooperation.

Lastly, international events like Busan tend to focus on what hasn’t been achieved. That’s fine in terms of accountability and the need to keep progressing toward commitments. But, let’s remember the real advancements made, including by the United States. Major U.S. development efforts—from the multilateral development banks, to Feed the Future, to Partnership for Growth, to MCC—all emphasize inclusive, country-led, outcomes-focused approaches. For MCC’s part, we look forward to continuing our work to break new ground in advancing and innovating on development effectiveness, and putting principles in this area into practice.

Participating in the U.S. Delegation to HLF4: A First for Partnership for Growth

Posted on December 1, 2011 by Daniel W. Yohannes, Chief Executive Officer, MCC, and Rajiv Shah, Administrator, U.S. Agency for International Development

This post first appeared on DipNote, the official blog of the U.S. Department of State, on November 30, 2011.
 

Under an initiative called Partnership for Growth, the United States, El Salvador, Ghana, Philippines and Tanzania are pioneering a new approach to long-term, sustainable development.

PFG is designed to transform the character and conduct of our bilateral relationships with a select group of high-performing lower-income countries poised to be this generation's emerging markets. The initiative aims to improve coordination, leverage private investment, and focus political commitment to accelerate and sustain broad-based economic growth. With mechanisms in place to hold us accountable for more effective, efficient development results, PFG puts President Obama's Presidential Policy Directive on Global Development into action.

Today marked the first time we have convened a meeting with the United States and all four PFG partners. The setting is especially significant: we are all gathered in Busan, South Korea for the Fourth High Level Forum on Aid Effectiveness. Throughout our meetings, we have focused extensively on ways to deliver meaningful results, ensure mutual accountability and empower country ownership.

State Department Counselor and Chief of Staff Cheryl Mills led the meeting with El Salvador Foreign Minister Hugo Martinez, Ghanaian Deputy Minister of Finance and Economic Planning Fiifi Kwetey, Philippine Minister of Finance Cesar Purisima, and Tanzanian Minister of Finance Mustafa Haidi Mkulo. After addressing the High Level Forum, Secretary Clinton was also able to join us.

We partnered with these countries based on their demonstrated commitment to democratic principles and good governance, their sound policy performance, their potential for continued economic growth, and their track record of cooperation with the United States.

The PFG is an attempt to approach development differently than we have done in the past. PFG is not about more aid; rather it is about fostering a mature economic partnership to unlock a country's growth potential. Together, we analyze the binding constraints to growth, prioritize a set of clear, measurable actions, and work to overcome those barriers through five-year action plans. Along the way, we review our progress through a formal evaluation process or in more informal meetings, as we did today.

Our PFG partners are all at different stages of this process and have unique insights to share. We had frank discussions about the challenges each country faces, and how the U.S. government can improve coordination to assist these countries in strengthening long-term economic growth. We applaud El Salvador, Ghana, Philippines, and Tanzania for their commitment to taking the difficult steps required through the PFG, and look forward to continuing our close collaboration in the months ahead.

The session represented exactly why we have come to Busan this week: to take a hard look at our efforts, identify areas for strengthened coordination, and -- ultimately -- improve our ability to deliver effective development assistance.

Dr. Rajiv Shah serves as Administrator of the U.S. Agency for International Development (USAID), and Daniel W. Yohannes is the Chief Executive Officer of the Millennium Challenge Corporation (MCC).

Inspiration, Implementation and Impact in Indonesia

Posted on November 21, 2011 by Daniel W. Yohannes , Chief Executive Officer

With great hope that we can transform the lives of Indonesia’s poor for the better, I joined Secretary of State Hillary Rodham Clinton and Indonesia’s Finance Minister Martowardojo, along with other distinguished government ministers, ambassadors and guests, for the signing of Indonesia’s $600 million MCC compact in Bali this past Saturday. As Secretary Clinton said, each of the elements of the compact represents a step forward in the relationship between the United States and Indonesia. I am proud that MCC is partnering with the Indonesians to achieve their goals for long-term poverty reduction and economic growth.

MCC’s investments in low-carbon economic development, better natural resources management, nutrition to prevent childhood stunting, and procurement modernization create new opportunities to improve the quality of life for Indonesians. Our partnership will work to raise productivity, increase household incomes, reduce household energy costs, and improve the delivery of growth-enhancing goods and services by the public sector. I am struck by how open the Indonesians have been to MCC’s distinct model for development—one that is country-driven, reform-centered and results-focused to maximize effectiveness and sustainability. This innovative compact embodies Indonesia's priorities and its strong commitment to our partnership.

As I shared with the Indonesians, much hard work awaits us. Our partnership must now turn the inspiration of a momentous signing into the implementation of an action plan that will deliver lasting impact. Through an unfaltering commitment to tangible results, accountability and transparency, we can achieve the full promise of the compact. Let’s get to work.

‘Who says oil and water don’t mix’

Posted on October 23, 2011 by Daniel W.Yohannes , Chief Executive Officer

My travels as MCC CEO bring me to many memorable places, but it’s the people who inspire me the most. Nicolas Kinsou Ahouandjiinou is one such person who I met in the Beninese village of Djeregbe.

Nicolas was born in Djeregbe and his father was a traditional healer in the village. Nicolas earned degrees from the University of Benin and the Institute of Tropical Agriculture in Nigeria, and had been travelling the world as an agronomist. One day, more than 20 years ago, Nicolas’s father called him home with a request: use your degrees to adapt the use of native medicinal plants to the modern world.  

During their conversation, Nicholas’s father gave him a 200-page notebook that contained his acquired knowledge of the medicinal properties of West African plants, including eucalyptus, lemongrass, laurel, chayote, and ginger. Paging through the notebook, Nicolas knew that he had to return to Djeregbe to realize his father’s dream.
After years of research and trial and error, Nicholas invented a process -- which he believes to be the first of its kind -- to mix the essential oils of traditional African medicinal plants with water to produce a flavored, bottled water. Having successfully mixed oil and water, and devised a way to modernize his father’s age-old practices, Nicholas then faced one more challenge: inadequate access to capital to grow his business, DETAREN SARL.

That’s where MCC came in. With grant support from our Access to Financial Services Project, DETAREN SARL purchased new machinery to produce and bottle the water. According to Nicolas, production has already increased from 1,200 to 8,000 bottles a day. The flavored water, which Nicolas named “Eau Noble,” is now sold in Benin and limited quantities are exported to Nigeria, Burkina Faso, Niger, and Togo. With his new capacity, Nicolas plans to double his staff to 15, and increase sales by expanding his distribution network to all of West Africa.

MCC has provided DETAREN SARL, and other members of the GATID consortium it has joined, with the assets and credibility they need to gain the attention of financial institutions like Bank of Africa and Oikocredit, which are working with the consortium to provide credit. Nicolas knows that access to credit is essential to growing his business and realizing his dreams -- and the dreams of his father. 

Nicolas’s story shows that the entrepreneurial spirit is alive and well in Benin. DETAREN SARL exemplifies the transformation that is happening all over Africa as old traditions give rise to new ways of thinking and new ways of doing business. MCC is proud to be working with entrepreneurs and innovators like Nicolas who are trailblazing Africa’s path to prosperity in the 21st century.

Learn more about the GATID consortium and how MCC is improving Benin’s investment climate

How MCC’s Work in Tanzania Supports a Better Economic Future for the United States

Posted on June 12, 2011 by Daniel W. Yohannes, Chief Executive Officer

Earlier this year, President Obama made clear in his State of the Union address that his focus is on winning the future – getting our economy going after the worst recession since the Great Depression, while laying the foundation for long-term economic growth and job creation.

Some might wonder how an international development agency like the Millennium Challenge Corporation (MCC) fits into this vision. America has always been a generous nation, and our moral leadership is reflected in MCC’s goal of reducing poverty through economic growth in developing countries. But MCC’s investments not only benefit poor people overseas, they are critically important to our future prosperity here at home.

That fact is illustrated in Tanzania where MCC investments are both helping to reduce poverty and providing opportunities for American companies. In 2008, MCC signed a $698 million compact with Tanzania. Two American companies, Symbion Power and Pike Electric, were awarded -- after an open, competitive bidding process -- contracts to build more than 20 power sub-stations and install approximately 1,000 miles of power lines in Tanzania, which will provide electricity to over 330 communities previously without power.

This weekend Secretary of State Hillary Clinton and I are visiting with these American entrepreneurs, who have used MCC-funded contracts as an opportunity to enter a new market and make their own investment in Tanzania.

While still one of the poorest countries in the world, with a gross national income of approximately $500 per capita, Tanzania is among a group of relatively well-governed African nations that are moving in the right direction. Real GDP growth has been 6 percent or higher in Tanzania in every year over the last decade – even in the midst of the global financial crisis.

In short, Tanzania is a next-generation emerging market that is a smart place to invest for American companies with an eye on the long term.

That is exactly the thinking of Symbion Power, which has just purchased a 112-megawatt power plant in Tanzania that it plans to modify and expand. Secretary Clinton and I are touring the plant with Symbion Power CEO Paul Hinks, and we are excited about this new venture and its potential to improve electrical service in Tanzania and provide an American company with a stronger foothold in Africa.

In this increasingly globalized economy, we need innovative companies like Symbion and Pike to aggressively pursue opportunities in fast-growing African markets. Their investments will help reduce poverty in Tanzania, but will also support jobs and economic growth in the United States. And the ties they forge will encourage Tanzania to look to America as a trading partner.

That is why MCC is excited to be partnering with companies like Symbion and Pike. As the progress we are making here shows, smart investment in the developing world and close partnership with the private sector can allow us to improve the lives of those who live in poverty even as we build a stronger America for our children and grandchildren.

Trip Log: MCC Partnerships for Economic Growth in Moldova and Georgia

Posted on November 4, 2010 by Daniel W. Yohannes, Chief Executive Officer

Late last month, I surveyed progress in two MCC partner countries: Moldova, which is just beginning the implementation of its compact, and Georgia, which is on track to bring its compact to a successful close in the next six months.

In Moldova, I was impressed with the farmers I met in Slobozia-Dusca, a village not far from the capital of Chisinau.  These farmers will benefit from MCC-funded irrigation projects and are already talking about the impact a centralized irrigation system will have on their livelihoods, as it will lower operating costs and allow them to diversify into high-value crop production and increase their yields.  I was particularly moved by my conversation with Iurie Stahi.  He told me he was grateful for America’s assistance from the bottom of his heart, and he explained that, as a result of MCC’s planned investments in the agriculture sector, he intends to plant apple orchards and sell his apples during the winter when they command a higher price, as well as during the summer and autumn seasons.  I’m looking forward to following Iurie’s progress as the Moldova compact ramps up implementation.

In Georgia, I was deeply impressed with the transformative power of a road.  I traveled the Samtske-Javakheti road, which Georgia is rehabilitating with MCC compact funds, from Tbilisi to where it nears Georgia’s border with Turkey and Armenia.  What I saw and whom I met along the way showed me exactly how paving a reliable road is essential for generating economic opportunities. 

I first witnessed this when I met Valodia Mestvirishvili at his trout farm in Algeti, just off the Samtske-Javakheti road.  The agricultural development activity of Georgia’s compact supplied hatchery equipment, oxygen tanks, a transportation vehicle, and veterinary supplies to his farm to raise the trout, and the road rehabilitation funded by the compact provides him much-needed access to markets to sell his product to Georgian retailers and consumers.  Valodia shared with me that his annual trout yield has skyrocketed from 5 to 12 tons.  I am proud of the fact that MCC funding has provided this hardworking entrepreneur the tools he needs to succeed. 

From Left to Right: MCG CEO George Abdushelishvili, MCC CEO Daniel W. Yohannes, MCC Resident Country Director Jim McNicholas, US Ambassador to Georgia John Bass

My road trip took me past Georgia’s Lake Sagamo, a place of serene natural beauty.  Against a mountainous backdrop, as the sun was setting and the moon was rising, I planted trees along the Samtske-Javakheti road.  These trees are critical; they provide proper landscaping and better wind protection and they help advance the sustainability of the MCC-funded road.  Tree planting also reaffirms that sound environmental stewardship protecting natural resources goes hand-in-hand with economic development. 

From Left to Right: Georgian Minister of Finance Kakha Baindurashvili, MCG CEO George Abdushelishvili, MCC CEO Daniel W. Yohannes, US Ambassador to Georgia John Bass

I was particularly pleased to see that MCC’s funding of the Samtske-Javakheti road has enhanced the Georgian people’s accessibility of Vardzia.  Vardzia is home to a cave monastery, an unforgettable historic treasure of great cultural and religious significance dating back to the 12th century.  I learned that, for too long, this part of Georgia was lost to outsiders; the trip to reach Vardzia was treacherous and the roads were literally impassible in some sections.  Buses risked overturning on the dangerously unpaved roads.  Now, the rehabilitated Samtske-Javakheti road is reconnecting Georgians with Vardzia and their heritage, and opening up this area to tourists.  Boosting tourism in this otherwise underdeveloped area is generating economic development and growth vital to the prosperity of Georgians. 

The MCC-funded Samtske-Javakheti road also nears Georgia’s border with Armenia and Turkey in the town of Akhalkalaki.  This once quiet outpost is now bustling with activity, which will increase as a bridge, currently under construction, is completed.  New shops are already opening, and the prospects for increased trade and commerce create further opportunities for Georgians to prosper.

In all these ways, Georgia proves that the MCC model is working well.  Our partnership is creating conditions for sustainable economic growth that are increasing incomes.  As the compact moves toward completion, I am looking forward to the independent evaluations that will assess the impact of our investment.  True to President Obama’s new vision for U.S. global development, what I saw in both Georgia and Moldova already reaffirms for me that MCC practices the principles essential for long-term impact: investing in economic growth, promoting country-led development, demanding accountability and transparency, and delivering sustainable results that matter in the lives of the poor.

Another Milestone Moment

Posted on October 22, 2010 by Daniel W. Yohannes, Chief Executive Officer

Last week marked another milestone moment in MCC’s history—the completion of MCC’s compact with Cape Verde.  The last time I was in Cape Verde, I visited the unfinished Port of Praia project being implemented by MCA-Cape Verde with funds from MCC.  What a difference eight months makes!  Together with Prime Minister Jose Maria Neves, I witnessed the inauguration of Phase I of the Port of Praia.  The port is now more efficient, with a new access road, cargo village for storage, and a strengthened security system.

A new access road to the Port of Praia is just one of the MCC-funded improvements that have already been made.

Also on this visit, I traveled to the island of Santo Antao, which has the largest population of farmers in Cape Verde.  There, we inaugurated the post-harvest center. At this modern facility, farmers can now have their produce inspected by trained sanitary inspectors and store their agricultural products to maintain freshness and quality.

One of the most moving experiences for me was meeting Cape Verdean farmers.  Celso Duarte, a young farmer who leads his farmer association in Paul, told me that, thanks to MCC’s assistance, he received training and acquired the necessary skills to use the new watershed management system.  As a result, he now has drip irrigation on his land.  Sousa told me how he ensures that he and his fellow farmers are using the technique properly to diversify their crops and get them to market.  And he added: “I wanted to personally thank you and the American people for funding my training and giving me and my family the chance to improve our lives.”

MCC CEO Daniel Yohannes meets with Celso Duarte, the leader of his farmer association in Paul.

Hearing words like this further convinces me that we are making a difference.

Partnering for Progress in Africa

Posted on October 8, 2010 by Daniel W. Yohannes, Chief Executive Officer

During a week that showcased MCC’s commitment to Africa’s economic growth and development, I joined Donald Kaberuka, President of the African Development Bank (AfDB), to sign an agreement today under which MCC and AfDB will work together in promoting economic growth and poverty reduction in Africa. 

AfDB and MCC will share their core competencies and expertise to support country-led economic development initiatives, focusing on such key sectors as infrastructure, water and sanitation, land, agriculture, transportation, environment, health, and gender integration.  AfDB and MCC are already finalizing the details of our first collaboration: a pilot project in water and sanitation infrastructure in Mozambique.

When President Obama announced his new U.S. Global Development Policy last month in New York, he called for working with foundations, the private sector, NGOs, and multilaterals to maximize the impact of U.S. foreign assistance.  The President emphasized that development “cannot be the work of governments alone.”  Smart and deliberate collaboration with AfDB is one way MCC is implementing this new approach to development.  This continues MCC’s commitment to broadening the scope of our engagement with a range of traditional and non-traditional partners to achieve sustainable development and deliver results in the fight against global poverty.

MCC’s Commitment to Africa

Posted on October 7, 2010 by Daniel W. Yohannes, Chief Executive Officer

I had the opportunity yesterday to showcase MCC’s commitment to poverty reduction and economic growth in Africa at two great events.

In the morning, I met with U.S. ambassadors working throughout Africa, including in many MCC partners countries.  I briefed the African Chiefs of Mission on MCC’s work throughout the continent and, more importantly, learned from them how we can work together more effectively.  Deepening our cooperation and coordination allows us to maximize the impact of MCC investments in Africa. 

Last evening, I was honored to deliver the keynote speech as part of the Africa Society’s Ambassador Andrew Young Lecture Series on Africa.  The Embassy of Ghana opened its doors to over 200 guests; it was exciting and energizing to be among so many friends of Africa, who share MCC’s commitment to partnering with African countries to achieve sustainable economic growth.  We recognize that the best way to realize the continent’s promise is through partnerships grounded in mutual respect and responsibility, accountability, sound policies, and results.

Next week, I’ll be travelling to Cape Verde for the first, full-term completion of an MCC compact in Africa.  This marks an important milestone to assess what worked well in the fight against poverty and what lessons we’ve learned to improve future programs.  I look forward to sharing our findings.  I am firmly committed to making sure that MCC’s work in Africa creates stronger economies and more prosperous communities by promoting good governance, expanding trade capacity, building infrastructure, and engaging the private sector.  It is in our own strategic, economic, and moral interests to work together with Africa to realize the global growth that will benefit all of us.

A Week of Policy, Partnerships, and Progress: MCC at and around UNGA

Posted on September 24, 2010 by Daniel W. Yohannes, Chief Executive Officer

As world leaders gathered this week in New York City for the United Nations Summit on the Millennium Development Goals (MDG) and the United Nations General Assembly, MCC’s mission and work took center stage. 

I listened to President Obama unveil the first-ever development policy issued by a U.S. president.  His groundbreaking MDG Summit speech outlined development’s heightened role in U.S. global engagement as a strategic, economic, and moral imperative.  The President emphasized that economic growth is the centerpiece of his new development policy, because growth is the fundamental force that will transform the developing world and eradicate poverty.  He talked about empowering and partnering with countries committed to taking responsibility for their own development.  And, he stressed that America’s development investments can have maximum impact in partner countries that set in place high standards of transparency, good governance, and accountability. 

I am proud that MCC is already putting the President’s core development principles into practice, like investing in economic growth, promoting country-led development, demanding accountability, and focusing on transparency and results.  MCC’s experiences have informed many aspects of the President’s new policy.  We are integral to the policy moving forward by sharing what we have learned, including our leadership on rigorous evidence-based evaluations to drive policy decisions and ensure aid effectiveness. 

The principles of effective development outlined in President Obama’s policy were repeated by the presidents and prime ministers from a number of partner countries I met with this week to discuss progress on the implementation of their MCC compacts.  They spoke about reforming their policies, building homegrown capacity and more responsive institutions, and delivering the results their citizens expect.  These themes were also featured at the Clinton Global Initiative annual meeting.  I was particularly struck by CGI’s emphasis on strengthening market-based solutions and empowering girls and women, which are also clear priorities for MCC’s work in partner countries worldwide and for achieving the economic growth underpinning the Obama administration’s global development policy. 

Moreover, the President’s development policy embraces partnership as essential to success, and each MCC event in New York sought ways to mobilize the power of partnerships.  I met President Benigno Aquino to sign a $434 million MCC compact with the Philippines.  This compact will fight corruption by streamlining processes at the Bureau of Internal Review; strengthen local accountability through the Kalahi-CIDSS rural development program; and improve access to markets and community services through the construction and repair of 220 kilometers of Samar Road.  The Philippines’s MCC compact is another example of how we partner with countries committed to sound political, economic, and social policies vital for sustainable development to deliver the progress and results the poor expect.

To further engage with the private sector as vital partners in development, Cape Verde’s Prime Minister José Maria Neves, the Executive Vice President and CEO of the International Finance Corporation Lars Thunell, and AES Corporation’s Global Chief Operating Officer Andres Gluski joined me in addressing a private sector gathering.  These gentlemen shared their first-hand perspectives on the power of private enterprise to augment and accelerate public efforts to stimulate economic growth.  Businesses, foundations, NGOs, and partner countries discussed strategies to align their activities with sustainable development objectives.  One of my top priorities at MCC, like the President’s policy advocates, is to increase development impact by broadening our partnerships with the private sector and non-traditional actors, such as philanthropic foundations.

MCC also partnered with other leaders in the field for a breakfast roundtable on gender.  The discussion was co-hosted with the White House Council on Women and Girls and highlighted ways we can effectively integrate gender equality in development plans to ensure long-term sustainability.  We recognize that expanding opportunities for women and girls in developing communities reduces poverty.  MCC Senior Advisor Cassandra Butts spoke more about MCC’s gender policy at a high-level luncheon with heads of state later that day. 

Now, we will build upon the conversations, relationships, and partnerships we forged and deepened this week to further MCC’s mission.  MCC’s policies, practices, and results will continue to contribute to President Obama’s vision for development and serve as critical building blocks for a new era of global poverty reduction and sustainable economic growth.

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