MCC’s singular focus on economic growth is one of the most effective ways to achieve widespread and lasting reductions in poverty in the developing world. The agency invests in projects that data shows will lead to economic growth and help people lift themselves out of poverty, like power, roads, and land rights.
But MCC recognizes that investment needs in its partner countries far exceed funding available in an MCC compact or threshold program. That is why MCC and the Organization for Economic Co-operation and Development (OECD) have partnered to help catalyze investment in the developing world.
By Sarah Crawford, MCC Director of Strategic Partnerships
TThis originally appeared on MCC’s Medium page.
All development partners, including donors, MCC partner governments and investors, are interested in achieving the greatest impact with their development dollars. By marrying the extensive research in MCC’s Constraints Analyses and the OECD Multi-Dimensional Country Reviews (MDCR), the alliance creates a foundation, or an initial guide, for the donor community to focus and inform their investment decisions and maximize their impact.
Through this collaboration, MCC and OECD are exploring how their respective tools can strengthen development in partner countries, maximize the impact of investments, and promote a more dynamic conversation around catalyzing investment in and around MCC investments.
MCC has always been committed to coordination with donors in its partner countries. Collaborations like this reinforce the 2005 Paris Declaration, the 2008 Accra Agenda for Action, and the Busan commitment to partnerships for effective development cooperation, and demonstrates the type of strategic partnerships MCC seeks.
MCC and OECD’s First Convening
Cote d’Ivoire is the first focus country for our collaboration, as both MCC and OECD have recently conducted country analyses and see alignment in recommendations and potential investment areas. At the convening expected this fall, MCC and OECD, in close coordination with the Government of Cote d’Ivoire, will share the results of our analyses and seek to catalyze investment interest in the priority areas identified.
MCC and OECD intend to continue aligning the timing and collaboration of our constraints analysis and Multidimensional Country Reviews wherever possible. This allows us to develop a platform for sharing ideas and encouraging investment that reaches beyond and complements MCC investments.