MCC’s mandate to reduce poverty through economic growth underpins progress on all of the Millennium Development Goals (MDGs). Only with sustained increases in income can families overcome poverty and meet their basic needs in terms of:
- education, and
- equal opportunity for women and girls.
MCC’s emphasis on good governance, country ownership, and accountability for results lays the groundwork for sustainable development progress well beyond the MDG’s 2015 goals.
Fostering broad-based economic growth.
Since 2004, MCC has committed over $7 billion to support countries’ own development priorities. When given the opportunity to choose under MCC’s country ownership model, MCC’s partner countries have consistently prioritized investments in agriculture, rural development, and key infrastructure such as roads, water and sanitation, energy, ports, health clinics, and schools. Partner country governments, civil society, and private sector see these as the basis for economic opportunity, poverty reduction, and access to essential services.
Emphasizing good governance
MCC works only with countries that have a track record of ruling justly, promoting economic freedom, and investing in people. These are essential ingredients for economic growth to occur, for development assistance to be effective, and for progress to be sustainable. By selecting country partners who perform well in these areas and leveraging continued domestic policy reform to support growth, good governance, and an enabling environment for trade and investment, MCC creates an incentive for them to improve performance on the MDGs, including in areas such as:
- girls’ primary school completion rates,
- immunization rates,
- incidence of child mortality,
- access to water and sanitation, and
- natural resource management.
Insisting on accountability for results
MCC is a recognized leader in the U.S. Government for its rigorous approach to projecting, tracking and evaluating the impacts of its investments. This accountability is essential for making wise investments and meaningful progress toward the MDGs.
Pursuing innovative solutions to address development needs
MCC’s approach to aid—an innovation in itself:
- Has the countries prioritizing investments
- Puts countries in the driver’s seat when implementing programs
- Is transparent in projection and achievement of results
- Holds firm on policy performance
MCC is building on this foundation to attract private sector partnerships that complement and increase the impact of MCC investments.