WASHINGTON, D.C., June 24, 2019 – Today, the U.S. Government’s Millennium Challenge Corporation welcomes Sean Cairncross as its new Chief Executive Officer. MCC is an innovative, independent U.S. Government agency that works to reduce global poverty through economic growth.
On his first day in office, MCC CEO Cairncross made the following statement:
“I am honored to join the Millennium Challenge Corporation as CEO and look forward to working with MCC’s talented staff as we pursue the agency’s mission. I am grateful to President Trump for this opportunity.
MCC’s work around the world reduces poverty by boosting economic growth, while also playing an important role in bolstering U.S. national security and providing increased opportunities for American businesses abroad. Through MCC’s innovative model, we will continue to insist upon good governance and rule of law in our partner countries, while using our data-driven approach to guide our investments.
As CEO, I will work to expand our partnerships within the public and private sectors with a focus on increased U.S. business engagement and collaboration with our U.S. Government partners, including congressional stakeholders. I am also committed to ensuring MCC’s regional investments are a success.
I want to extend my best to our partner countries, MCAs, and MCC team members around the globe. I look forward to working with each of you to drive the reforms and economic growth that will make a decisive impact in our efforts to enable to people lift themselves out of poverty. I look forward to traveling in the coming weeks and seeing MCC’s important work firsthand. I am eager to get to work and build upon MCC’s successes while leveraging new opportunities to further our mission.”
MCC is an independent U.S. Government agency that works to reduce global poverty through economic growth. MCC’s investments help lift people out of poverty, creating more stable, secure countries with new business opportunities while strengthening U.S. national security.
MCC was created in 2004 as a new and different model of development assistance – one focused solely on helping reduce poverty through economic growth. Built on the lessons of decades of development experience, MCC is unique in a number of ways: MCC provides time-limited grants to developing countries that meet rigorous standards for good governance, from fighting corruption to respecting democratic rights, as evaluated on MCC’s scorecard; MCC takes a business-like approach, with bedrock commitments to data, accountability, and evidence-based decisions; and MCC focuses on creating the right circumstances for businesses to invest in partner countries. MCC’s investments are improving the lives of millions of people around the world.