The international community came together in 2015 to adopt 17 Sustainable Development Goals (SDGs) to build on the Millennium Development Goals.
The SDGs represent the culmination of years of collaborative input from countries and organizations around the world, including MCC, on ambitious goals for sustainable global development to be achieved by 2030, including:
- Ending poverty and improving lives globally
- Focusing on inclusive economic growth
- Creating effective, accountable institutions to sustain and accelerate development progress
- Demanding more and better use of data to achieve and measure the SDGs
The world has seen impressive progress in global development, and more than one billion people have been lifted out of extreme poverty since 1990. Sustaining and accelerating this progress requires a concerted global effort to ensure that growth continues to improve the lives of the world’s poor. MCC’s emphasis on catalyzing inclusive economic growth, evidence-based decision-making, and transparency are helping to drive international efforts to achieve the 17 interconnected SDGs.
Inclusive Economic Growth
MCC’s model is designed to maximize the impact of economic growth on poverty reduction by working with the world’s best-governed poor countries. The aspiration for inclusive growth—notably growth that benefits the poor—is incorporated into how MCC selects country partners and identifies investments.
When designing projects with partner countries, MCC works to promote economic growth that helps people lift themselves out of poverty. MCC works collaboratively with its partners to identify the constraints to growth that present the biggest obstacles to economic progress and private investment. And before moving forward, MCC economists and experts analyze potential projects to determine how they will impact the poorest populations, including women, the elderly, children, and regional and ethnic sub-populations.
Leveraging the Private Sector
The growth in private-sector resources available to developing countries is one of the most encouraging development storylines of the past 15 years. According to the European Report on Development released by the European Commission and several EU countries, private finance increased fivefold between 2002 and 2011, from roughly $1 trillion to $5 trillion. This private investment is critical to meeting the estimated multi-trillion-dollar price tag of the SDGs.
MCC works to eliminate obstacles and reduce risks in our partner countries to encourage business investment, accelerate economic growth and alleviate poverty. In Benin, Ghana and Jordan, MCC’s $1.1 billion in investments are expected to catalyze nearly $5 billion in private funding. MCC has also committed $70 million in grants—$52 million in Africa alone—to support public-private partnerships in our compacts through a Public-Private Partnership (P3) Platform. This commitment is expected to generate $1 billion in private-sector investments over five years.
Mobilizing Domestic Resources
Through domestic resource mobilization, countries increase their economic growth by raising and spending their own funds for public goods and services like schools, hospitals, clean water, electricity, and roads – all critical to helping people rise out of poverty. Countries’ investments in their own public goods and services, particularly infrastructure, are essential to attracting private investment and laying the foundation for long-term economic growth. MCC supports its partners in reforming their tax and procurement processes, which can reduce corruption, help countries finance their own development, and decrease their dependence on foreign aid.
Open and Transparent Data
MCC is committed to the principles behind open data. By putting more and better data into the hands of the development community, MCC opens the door for others to create new and innovative ways to use our data to further development efforts. To this end, MCC has joined other organizations and initiatives that complement our own open data efforts.
The Global Partnership for Sustainable Development Data was launched on the sidelines of the 70th United Nations General Assembly and is mobilizing a range of data producers and users—including governments, companies, civil society, data scientists and international organizations—to harness the data revolution to achieve and measure the SDGs. Working together, the U.S. and other Global Data Partnership contributors are addressing barriers that prevent greater access and use of development data.
MCC’s partnership with the President’s Emergency Plan for AIDS Relief (PEPFAR) is helping to strengthen the availability and use of data in sub-Saharan Africa to support programs and policies that address HIV/AIDS, global health, gender equality, and economic growth. And as part of Data2x—a partnership with the United Nations Foundation to advance gender equality—MCC and other donors are improving the quality, availability, and use of gender data to make a practical difference in the lives of women and girls worldwide. Both partnership programs align with the Global Data Partnership’s efforts to promote data collaboration to achieve the SDGs.