MCC and Indonesia: Investing in Innovation for Sustainable Economic Growth
Monday, February 6, 2012 from 11:00 am to 12:30 pm
Doors open at 10:45 am
MCC, Bowen Second Floor Conference Rooms
875 Fifteenth Street NW, Washington, DC 20005
In November 2011, MCC signed a five-year, $600 million compact with the Government of Indonesia to reduce poverty through economic growth. In keeping with MCCâ€™s commitment to country ownership, the compactâ€™s programs were designed and will be implemented by the people of Indonesia.
The compact will focus on three projects to achieve economic growth: (1) the Green Prosperity Project, designed to support low-carbon economic growth by expanding renewable energy and improving the management of natural resources; (2) the Community-Based Nutrition to Prevent Stunting Project, designed to reduce and prevent low birth weight, childhood stunting and malnourishment; and (3) the Procurement Modernization Project, designed to achieve significant savings in government procurements and improve the delivery of public services.
The compactâ€™s largest component, the $332 million Green Prosperity Project, represents an innovative nexus between environmental sustainability and poverty reduction. The Projectâ€™s objectives support the Government of Indonesiaâ€™s commitment to reducing greenhouse gas emissions and developing corridors of economic growth, and support MCCâ€™s mission of reducing poverty through economic growth.
- Patrick Fine, Vice President for Compact Operations, Millennium Challenge Corporation
- Ambassador Dino Patti Djalal, Indonesia Ambassador to the United States
- Martha Bowen, Program Officer for Indonesia, Millennium Challenge Corporation
- Loren Labovitch, Director, Environmental & Social Assessment, Millennium Challenge Corporation
- T. Charles Cooper, Vice President for Congressional & Public Affairs, Millennium Challenge Corporation
Inspiration, Implementation and Impact in Indonesia
Remarks of MCC CEO Daniel Yohannes at Indonesia Compact Signing