Washington, D.C. Ambassador John J. Danilovich, Chief Executive Officer for the Millennium Challenge Corporation (MCC), will address the Corporate Council on Africa (CCA)‘s first annual U.S.-Africa Infrastructure Conference from September 27-29, 2006 in Washington, D.C.
MCC, under the dynamic leadership of Ambassador Danilovich, has invested in numerous infrastructure projects on the continent. MCC understands investments in infrastructure are important to poverty reduction and sustainable development, said CCA president Stephen Hayes.
Ambassador Danilovich began his duties as Chief Executive Officer for the Millennium Challenge Corporation on November 7, 2005. Prior to joining the MCC, the Ambassador had a distinguished career of more than thirty years in both the public and private sectors. He served as U.S. Ambassador to Brazil and Costa Rica and was active in the international shipping business for over two decades.
MCC countries recognize that poor infrastructure is an impediment to private sector investment on the African continent because it drives up the cost of doing business. As a result, over 90% of MCC eligible countries have requested MCC funds be used to improve their infrastructure. In these countries, significant investments in new infrastructure and the commitment of the necessary expenditures to maintain it are seen as critical elements in their poverty alleviation strategies.
We share the MCC’s goal to reduce poverty through sustainable economic growth, and we hope the infrastructure conference will trigger business partnerships around and investment in infrastructure, Hayes concluded.
The first U.S.-Africa Infrastructure Conference will showcase the numerous opportunities in infrastructure development across Africa.
Ambassador Danilovich will provide remarks during the Why infrastructure plenary on Thursday, September 28, 2006 at 9:00 am.
Millennium Challenge Corporation (MCC), a U.S. Government corporation designed to work with some of the poorest countries in the world, is based on the principle that aid is most effective when it reinforces good governance, economic freedom, and investments in people that promote economic growth and elimination of extreme poverty.
CCA, established in 1993, is a nonpartisan 501(3)(c) membership organization of nearly 200 U.S. companies dedicated to strengthening the commercial relationship between the U.S. and Africa . CCA members represent nearly 85 percent of total U.S. private sector investments in Africa . Visit CCA’s website at www.africacncl.org.