Press Release

Daniel W. Yohannes Sworn in as MCC CEO

New CEO underscores commitment to results and innovative solutions to help the worlds poorest

For Immediate Release

December 8, 2009

Washington, D.C.Today U.S. Secretary of State Hillary Rodham Clinton, who chairs the Millennium Challenge Corporation (MCC) Board of Directors, presided over the swearing-in ceremony for Daniel W. Yohannes as the new Chief Executive Officer of MCC.

At the ceremony, Mr. Yohannes said, I am proud to now lead an organization making strides in the fight against global poverty. Already, MCC is working to invest over $7 billion in results-focused programs in Africa, Central America, Eurasia, and the Pacific.

MCC is expanding opportunities for the worlds poor. Together we must build on our progress. MCC has learned a great deal from its first few years. We must show more results, be more innovative with MCC programs, and find more ways to involve and encourage the private sector.

This means working with countries committed to the sound policies of good governance. We know U.S. assistance can do the most good in countries where transparency and the rule of law already nurture a climate for lasting growth. This means building stronger partnerships. This means being accountable and delivering results.

Daniel W. Yohannes, a philanthropist from Englewood, Colorado, has more than 30 years experience in banking and economic development. He was nominated as Chief Executive Officer of MCC by President Obama on September 18, 2009, and confirmed by the U.S. Senate on November 20, 2009. Since retiring from his post as Vice Chairman of U.S. Bank in 2003, Mr. Yohannes has been a private investor specializing in real estate, financial institutions, and the renewable energy sector. Read his full biography here.

Read Mr. Yohannes remarks at the swearing-in ceremony here.

FOR MEDIA: Download Mr. Yohannes’ remarks in either NTSC or PAL format (34 MB)

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Millennium Challenge Corporation (MCC), a United States Government agency designed to work with developing countries, 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 help eliminate extreme poverty. For more information about MCC, visit

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