Washington, D.C., Oct. 27, 2015 – MCC CEO Dana J. Hyde today met with President of Indonesia Joko Widodo to discuss the progress of MCC's $600 million Indonesia Compact, which is at the mid-point of its five-year term. Widodo is in the United States this week on his first official visit as head of state.
MCC's compact with Indonesia is the agency's largest compact in Asia and a key pillar of the U.S.-Indonesia Comprehensive Partnership launched in 2010 to elevate bilateral relations. The Partnership has fostered consistent high-level engagement on issues like democracy and civil society, education, security, climate, energy and trade.
During the meeting, Hyde and Widodo reiterated their deep commitment to sustainable growth and poverty reduction in Indonesia, and successful completion of the compact. Hyde noted their shared goals of strengthening the country's infrastructure, increasing renewable energy production, combating corruption, and improving livelihoods of the poor.
MCC's Indonesia compact, signed in 2011, promotes environmentally sustainable, low-carbon economic growth as set forth by the Government of Indonesia's medium- to long-term development plans. The compact involves local communities and governments to better protect Indonesia's natural resources and environment while also raising incomes and creating opportunities for private investment. In keeping with MCC's commitment to country ownership, the $600 million grant is being implemented by the people of Indonesia with a focus in three areas: renewable energy and natural resource management; maternal and child nutrition; and the modernization and professionalization of government procurement.
About the Millennium Challenge Corporation: MCC is an innovative and independent U.S. agency that is working to reduce global poverty through economic growth. Created by the U.S. Congress in January 2004, with strong bipartisan support, MCC provides time-limited grants and assistance to countries that demonstrate a commitment to good governance, investments in people and economic freedom. Learn more about MCC at www.mcc.gov and follow us on Facebook and Twitter.