Now that MCC has completed 18 compacts worth over $6 billion, many stakeholders are increasingly anxious to understand more about what these investments have actually achieved. After all, a focus on results is a key component of MCC’s core model, and the agency is known for pushing the envelope in this area. MCC’s rigorous ex-post evaluations will be the critical piece that tells the story about development impact, but the results of these studies aren’t usually available
CGD Policy Blogs
MCC has long applied rigorous environmental safeguards and standards to its investments in partner countries. And since President Obama’s September 2014 Executive Order on Climate-Resilient International Development, MCC (along with other key USG foreign assistance agencies) has been expanding its efforts to ensure that it considers climate change risk—and, where possible, mechanisms for adaptation—in investment planning and execution
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
In its first decade, the Millennium Challenge Corporation has set itself apart from other development agencies with its focus on three key pillars: policy performance, results, and country ownership.
Publish What You Fund launched their fourth annual Aid Transparency Index (ATI) today. The overall finding is that while many donors have made a number of international aid transparency commitments, the majority are falling short and not publishing useful information.
In December, MCC’s Board of Directors will meet to determine which countries will be eligible for FY2015 funding. While the agency’s annual country scorecards won’t be ready for a few months, updated corruption and democracy data are available now.