During a week that showcased MCC’s commitment to Africa’s economic growth and development, I joined Donald Kaberuka, President of the African Development Bank (AfDB), to sign an agreement today under which MCC and AfDB will work together in promoting economic growth and poverty reduction in Africa.
AfDB and MCC will share their core competencies and expertise to support country-led economic development initiatives, focusing on such key sectors as infrastructure, water and sanitation, land, agriculture, transportation, environment, health, and gender integration. AfDB and MCC are already finalizing the details of our first collaboration: a pilot project in water and sanitation infrastructure in Mozambique.
When President Obama announced his new U.S. Global Development Policy last month in New York, he called for working with foundations, the private sector, NGOs, and multilaterals to maximize the impact of U.S. foreign assistance. The President emphasized that development “cannot be the work of governments alone.” Smart and deliberate collaboration with AfDB is one way MCC is implementing this new approach to development. This continues MCC’s commitment to broadening the scope of our engagement with a range of traditional and non-traditional partners to achieve sustainable development and deliver results in the fight against global poverty.