Speech

November 19, 2011

As Prepared by

Bali, Indonesia

Remarks of MCC CEO Daniel Yohannes at Indonesia Compact Signing

Secretary Clinton,

Finance Minister Martowardojo, 

Minister of National Development Planning Armida,

Ambassadors,

Distinguished guests,

Today marks a special milestone in the positive and comprehensive partnership between the United States and Indonesia. We are here to sign a $600 million compact between Indonesia and the U.S. Government’s Millennium Challenge Corporation. This will create new opportunities for the people of Indonesia by reducing poverty through economic growth.

Congratulations and thanks to BAPPENAS Vice Minister Lukita Tuwo and Troy Wray for their outstanding work in guiding the Indonesian and MCC teams to this signing. 

The MCC-Indonesia partnership embodies the principles of development effectiveness. These include a commitment to:
• sound political, economic and social policies;
• country-designed and implemented solutions; and 
• mutual accountability and shared responsibility to deliver tangible results.  

By practicing these principles, Indonesia’s MCC compact focuses on three areas:

First, the Green Prosperity Project will support low-carbon economic development by expanding renewable energy and improving the management of natural resources.

Second, the Community-Based Nutrition to Prevent Stunting Project will reduce and prevent low birth weight, childhood stunting and malnourishment.

Third, the Procurement Modernization Project will achieve significant savings in government procurements by reducing corruption and waste.

And, to make sure women can participate in these projects and enjoy the benefits too, up to five million dollars will be set aside in the compact to finance gender-related work.

Congratulations to the people of Indonesia for designing this inclusive MCC compact. We owe it to them to work hard now to fully implement this compact—on time and on budget.

It is now my great privilege to introduce and yield the podium to the Chairman of MCC’s Board of Directors, Secretary of State Hillary Rodham Clinton…