MCC and Indonesia: Investing in Innovation for Sustainable Economic Growth
Monday, February 6, 2012 at 11:00 am
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 MCC’s commitment to country ownership, the compact’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 compact’s largest component, the $332 million Green Prosperity Project, represents an innovative nexus between environmental sustainability and poverty reduction. The Project’s objectives support the Government of Indonesia’s commitment to reducing greenhouse gas emissions and developing corridors of economic growth, and support MCC’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