MCC’s $13.3 billion portfolio, close to 65 percent of which benefits the people of Africa, is shaped by the priorities of its partner countries. With its country partners in the lead, MCC’s portfolio has focused significantly on investments and policy reforms to the transportation sector, with over $3 billion of MCC investments in road, port, and air infrastructure that link producers to market opportunities. MCC country partners also prioritize investments in financial sector reform, food security, health, education, and major infrastructure such as energy, water, and sanitation as vital to addressing their constraints to growth.
Fostering the Next Generation of Emerging Markets
MCC makes investments that support our partner countries’ strategies to reduce poverty through economic growth, and aims to help them transition from development assistance to sustainable, private sector-led growth. MCC works with countries that are committed to these aims by selecting partners that perform well on 20 independent, publicly-available indicators in the areas of ruling justly, economic freedom, and investing in people.
Holding Country Partners Accountable
MCC’s country selection process holds partners accountable for good governance at the national level. MCC has made sector-level policy reforms central to our strategy to ensure that our investments have sustainable impact. Locally-led project teams, working under a Millennium Challenge Account, implement MCC-funded programs and are accountable to domestic stakeholders for making decisions and achieving results.
Driving Policy with Analysis
MCC places great emphasis on achieving results, and is widely recognized for its rigorous and transparent methods of projecting, tracking, and evaluating the impact of its investments. MCC uses data at all stages of its delivery of development assistance – from country selection to program approval, monitoring and course correction, and finally to impact evaluation. MCC’s impact evaluations—transparent reports about what has and has not worked for poverty reduction—provide a growing base of evidence to drive decision-making about new investments.
Investing in Innovation
MCC encourages private sector and non-governmental engagement to expand the reach, sustainability and impact of U.S. Government investments. The agency is looking to pilot new approaches, such as challenge grants to spur private and public investments and performance-based assistance to promote innovation where creative solutions target development challenges. As MCC puts its principles into practice, we will continue to share what we have learned, staying on the cutting edge of effective and accountable development assistance.