Speech

February 13, 2013

As Prepared by

MCC Headquarters, Washington, DC

Closing Remarks by MCC CEO Daniel W. Yohannes at MCC’s Finance, Trade and Investment Conference

I am excited to join you this afternoon at the end of what I understand has been a very productive conference. This is just one event in ongoing efforts that reach out to private sector companies to involve them in MCC’s work around the world.

As someone who spent over 30 years in the private sector before accepting President Obama’s call to public service here at MCC, I recognize just how incredibly important the private sector is to achieving our economic goals.

You create jobs.

You offer new products and services.

You drive innovation and economic growth

You help us design projects that make for wise investments.

And, you are key to sustaining the activities we create once we leave our partner countries.

Make no mistake about this: MCC is a friend of business, an ally of private enterprise.

As we partner with countries around the world to achieve our mission of poverty reduction through economic growth, MCC is working in the markets of the future. These are the untapped and growing economies ready to do business with you and explore opportunities for investment and trade. This is good for your bottom line. This is good for U.S. economic interests. And, this is good for partner countries around the world who seek greater opportunities for their citizens.

As President Obama summarized in his State of the Union address, “Progress in the most impoverished parts of our world enriches us all -- not only because it creates new markets, more stable order in certain regions of the world, but also because it’s the right thing to do.”

So, it makes sense for us to work together. It’s the right thing to do to make a difference where it matters most. Legitimate business and economic interests guide us too. For these reasons, MCC has made it a priority—and it is certainly one of my personal priorities—to integrate private sector perspectives and plans into our development work worldwide. Today’s discussions provided some key examples of how we can do this. From exploring private-public partnerships and parallel or co-financing options to creating better business environments through our constant focus on policy reform, we are motivating greater private sector activity and investment in partner countries. We continue to refine our processes to engage and coordinate with companies like yours.

The momentum at MCC for greater collaboration with the private sector has never been stronger. Now is the time for us to work together in creative ways. We are investing in some of the future’s most dynamic markets, and we bring unique strategic insights that can be of value to you. Let us find ways to leverage and build upon our respective strengths to achieve results that make us all proud. 

We look forward to our work ahead with you. Thank you.