Press Release

For Immediate Release

April 6, 2011

Contact: 202-521-3880

Email: info@mcc.gov

MCC Releases 2010 Annual Report Highlighting Commitment to New Vision for Global Development

Washington, D.C.—The U.S. Government’s Millennium Challenge Corporation (MCC) has released its 2010 Annual Report summarizing the agency’s progress in the fight against global poverty.

MCC is committed to delivering results for American taxpayers. By partnering with developing nations that embrace accountability and country-ownership, MCC is working to replace poverty with prosperity, while at the same time promoting American strategic and economic interests.

Since its creation, MCC has put into practice the principles that are at the heart of the President Obama’s pioneering U.S. Global Development Policy. MCC is a key contributor to the President’s new global development agenda.

"MCC’s 2010 Annual Report highlights the important work that MCC is doing around the world in our efforts to reduce poverty through economic growth,” stated MCC CEO Daniel Yohannes. "At a time when we all are having to do more with less, MCC investments are making a significant difference in the lives of poor people around the world, while delivering results for the American taxpayer.”

The 2010 Annual Report provides a status update on all MCC programs worldwide and outlines MCC’s efforts to pursue partnerships that will help ensure the sustainability of MCC projects. The report includes positive preliminary results from the first two MCC compact programs that have been completed — the Cape Verde and Honduras compacts.

You may find a link to the 2010 Annual report here: http://www.mcc.gov/documents/reports/report-2011001049801-2010annual.pdf

MCC’s website, http://www.mcc.gov/, has a link to the 2010 Annual Report and also offers opportunities to learn about MCC’s key role in the U.S. Government’s efforts to reduce global poverty through economic growth. On http://www.mcc.gov/ :
• See detailed results of MCC programs.
• Search related articles and op-eds.
• Read more about MCC compacts and threshold programs.
• Explore stories about people and families benefitting from MCC programs worldwide.
• Watch videos of MCC events.

You can also share MCC news through your choice of social networking sites: YouTube, Facebook, Twitter, and Vimeo and more.

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The Millennium Challenge Corporation, a U.S. Government agency designed to work with developing countries, is based on the principle that aid is most effective when it reinforces sound political, economic, and social policies that promote poverty reduction through economic growth.  For more information, visit www.mcc.gov.