LOS ANGELES, June 7, 2018 – During a visit to Los Angeles this week, the Millennium Challenge Corporation's (MCC) Vice President of the Department of Congressional and Public Affairs Karen Sessions highlighted new procurement, trade and investment opportunities available to the private sector through MCC programs. MCC’s work to reduce global poverty creates more opportunities for economic growth in the U.S. and abroad.
While in Los Angeles, VP Sessions met with the U.S. Commercial Services Office, members of the Los Angeles Area Chamber of Commerce, and members of The Pacific Council.
“We are pleased to announce new procurement, trade and investment opportunities available to the private sector,” Vice President Karen Sessions said. “MCC investments open the door for companies to work in new markets with fewer up-front risks – a critical first step to building a long-term presence in the global marketplace. Our grant investments promote economic growth and reduce poverty, creating more stable, secure countries with new opportunities abroad for American businesses.”
At an event hosted by the U.S. Commercial Services Office and the Los Angeles Area Chamber of Commerce, VP Sessions explained more about the agency’s commitment to creating the right circumstances for businesses to invest in partner countries, and highlighted new opportunities now available in Malawi, El Salvador, Guatemala, Morocco, Côte d’Ivoire and Kosovo.
During The Pacific Council event, VP Sessions referenced the success of MCC’s recently completed Indonesia Compact. The five-year compact sought to reduce childhood stunting and malnutrition; improve the effectiveness of government spending by modernizing the government’s procurement system; and support the Government of Indonesia’s commitment to equitable growth by maximizing opportunities for investment in agriculture and renewable energy, including through partnerships with the private sector.
VP Sessions explained that investment by the private sector in MCC partner countries helps ensure lasting results beyond the time frame of a compact, and shared several reasons why businesses should work with MCC.
Check out five reasons U.S. companies should do business with MCC and view current procurement opportunities.
MCC investments strengthen U.S. national security and support new business opportunities by supporting stability, security and prosperity abroad. Across Africa, Asia, Europe and Latin America, MCC invests in projects such as power, clean water, land rights and roads that increase economic growth and improve investment environments.
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The Millennium Challenge Corporation is an independent U.S. Government agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants and assistance to poor countries that meet rigorous standards for good governance, from fighting corruption to respecting democratic rights. Learn more about MCC at www.mcc.gov.