Posted on July 27, 2013 by Daniel W. Yohannes , Chief Executive Officer
I joined Georgians last week in Tbilisi to mark another milestone in their economic development: the signing of a second MCC compact with Georgia that will invest in the education of the next generation. Government leaders, civil society, the private sector, teachers, and parents attended the signing at the Parliament National Library and demonstrated their clear commitment to the compact’s objective of educating Georgians in the science, technology, engineering, and math skills they need to compete and succeed in a modern economy. I share Ambassador Richard Norland’s sentiments that the compact is further proof of the strong and close ties of cooperation between the United States and Georgia.
Before the signing, I met with the Prime Minister, who serves as the chair of the MCA-Georgia board, and we discussed the exciting opportunities the compact brings to Georgia. I also met with other government representatives and business leaders who see the compact as a way to enhance the quality and competitiveness of human capital in Georgia. They all welcome the compact’s projects as ways to better link the skills demanded by the private sector with what the Georgian workforce can offer. This will generate greater private sector activity in Georgia, which ultimately creates jobs, fuels growth and makes the country a stronger trading, investment and business partner at home, in the region and beyond.
MCC’s investment to educate Georgia’s workforce promises to deliver a number of positive effects that will boost earning potential and productivity. Progress like this will replace development dollars with private sector-led growth in Georgia and open new opportunities for Georgian students. MCC is proud to partner with Georgia toward this more hopeful and prosperous future.
Posted on July 25, 2013 by Tsolmon Begzsuren, MCA Gender Specialists, and Jozefina Cutura, MCC Gender Specialists
As Mongolia enters the final year of its $285 million MCC compact, Millennium Challenge Account-Mongolia is eager to emphasize and reinforce its commitment to gender equality.
In March, MCA-Mongolia launched the Women’s Leadership in the Economy campaign to inspire and motivate women to achieve and fulfill their leadership potential. Mongolian women are underrepresented in business and government leadership roles despite their strong participation in the labor force. They are also less likely to choose careers such as construction or mining, where job growth prospects are better and pay is higher in Mongolia.
Through this campaign, our goal was to encourage women to pursue leadership roles and to inspire young girls to enter non-traditional careers.
The campaign showcases exemplary work demonstrated by six role models — one from each compact project. There are women who have succeeded in trades in which the workforce has been traditionally male, including road construction, engineering and leading a herder group. One role model, for example, organized a group of neighborhood women into a cooperative and helped them obtain land titles through the project. They’ve used their new titles as collateral to obtain housing loans, build houses and traditional dwellings known as gers and grow vegetables for food production and income generation.
MCA-Mongolia held a public event in Ulaanbaatar on June 20 with stakeholders and civil society representatives to honor these role models. The women spoke about the challenges they’ve faced, while encouraging girls and young women to enter more self-reliant career paths. The event also held an essay and photo competition around the theme “gender equality through my eyes,” which helped draw attention to the gender-related issues in Mongolia.
Both MCC and MCA-Mongolia believe gender inequality can be a significant constraint to economic growth and poverty reduction, and together we are committed to ensuring that compact projects consider gender issues throughout design, implementation, monitoring, and evaluation. As the compact enters its final months, we look forward to supporting this objective in the final months of the compact.
Posted on July 2, 2013 by Daniel W. Yohannes, Chief Executive Officer
Standing in front of a large gas-fired turbine engine supplied by General Electric—in a modern power plant owned by another American company, Symbion Power—President Barack Obama today discussed Power Africa, a groundbreaking initiative to expand power connectivity in Africa. I was pleased to witness this in Dar es Salaam, as this endeavor reaffirms the power of partnerships to make the promise of energy security a reality.
Symbion first came to Tanzania after winning two contracts through that country’s MCC compact. As you would expect from the private sector, Symbion quickly realized the economic opportunities in a growing market like Tanzania. Since arriving just a few years ago, the company has established itself, with American ingenuity and expertise, as a key player in the Tanzanian energy sector. Just last week in fact, Symbion and GE announced a partnership on yet another investment opportunity in Tanzania. This kind of growth for a U.S. company, after initially working with MCC, is a win-win for the private sector, the people of Tanzania and the United States. And, this is an excellent example of MCC funds serving as a strategic catalyst for additional private sector investment.
But MCC’s portfolio is not limited to one company. Another American company, Pike Electric of Mount Airy, North Carolina, competed for and won a contract financed by MCC to erect more than 800 kilometers of transmission and distribution lines in central Tanzania. Pike completed this project on time and on budget, as part of MCC’s larger partnership with the Tanzanian government to fund a total of nearly 3,000 kilometers of transmission and distribution lines. Millions of Tanzanians are now experiencing the benefits of reliable power. I was also in Tanzania in April to celebrate the inauguration of a 100 megawatt submarine power cable linking Zanzibar to the Tanzanian mainland. Because of this new link, more reliable power is already flowing.
According to a United Nations study, 47 countries in sub-Saharan Africa, excluding South Africa, generate about 30 gigawatts of electricity, which equals the generation capacity just in Argentina. Nearly a quarter of this capacity is not actually available, however, for a number of reasons. This means that sub-Saharan Africa has the world’s lowest electricity access rate at 24 percent; electricity access in rural areas plummets to 8 percent. To meet increasing demand, the study says that Africa’s power sector needs to install approximately 7,000 megawatts of new generation capacity annually. This translates into real market opportunities.
By working with partner countries to create well-functioning energy sectors that build institutional capacity, promote transparency and remove the legal and regulatory roadblocks for doing business, we are creating the right conditions and circumstances to attract more and more private power investments to meet the obvious demand. And, as President Obama noted, creating an enabling environment for greater private sector investment ultimately drives and sustains the economic growth that will make a meaningful difference in the lives of Africans and create real opportunities for even more American businesses like Pike Electric, Symbion Power and GE.