After more than a decade of operations, MCC has made the shift from innovative start-up to established donor agency. “MCC NEXT,” the agency’s new, much-anticipated strategic plan, takes a hard look at how the poverty and development landscape has evolved over the past decade and stakes out the position a more mature MCC should take in this new context.
CGD Policy Blogs
It's that time of year again – time for MCC's annual country eligibility decisions.
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 will soon ask its board of directors to vote on a proposed $473 million second compact for Tanzania. The program focuses on the energy sector, making it a big deliverable for Power Africa. It’s also strongly aligned with the priorities of Tanzanian citizens, businesses, and the government. But, as the compact currently stands, there are some pretty significant gaps, making it hard for the board to know just what it’s approving. Most notably, it’s completely lac
The House’s FY16 SFOPS spending bill didn’t respond to the Millennium Challenge Corporation’s request for substantially more funding this year. (The legislation maintains the agency’s FY15 level of $900 million.) But I was happy to see clear evidence of the House’s desire to better track the economic rationale behind MCC’s programs in the accompanying explanatory language.
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.)