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Independent research for global prosperity

CGD Policy Blogs


SFRC on the Future of MCC

Earlier this week, CGD president Nancy Birdsall testified before the Senate Foreign Relations Committee at a hearing on the Millennium Challenge Corporation.  A main impetus for the hearing was the introduction this summer of legislation (S. 1605) that would enable MCC to pursue regionally-focused investments with eligible countries.  The hearing itself, however, was wide-ranging, covering the “current operations and authority” of MCC. 

MCC’s CEO Shines a Light on the Way Forward for MCC

Our celebration of MCC’s tenth birthday continued last week with a thought-provoking open conversation with MCC CEO Dana J. Hyde. The well-attended public event, co-hosted by CGD and the Brookings Institute, was a fantastic opportunity to hear, from MCC’s own leadership, a reflection on the agency’s first ten years and a vision for the agency’s future. (If you missed it, you can watch it here.)

MCC Looking to Top $1 Billion in FY2016

The President’s FY2016 budget request is out with the biggest ask—$1.25 billion—MCC has seen in five years.  This is a nice vote of confidence for MCC, and it suggests that the administration is eager to see the agency strengthen its position now that it’s in its second decade of operations.  In the agency’s Congressional Budget Justification (CBJ), I was happy to see that MCC flags a number of important priorities for the coming year.  On