Press Releases

Press releases are listed by date from most recent to oldest.

December 14, 2022

U.S.-Africa Leaders Summit: Biden Announces MCC Selects Four African Countries for New Partnerships

During his remarks at the U.S. Africa Leaders Summit, United States President Jospeh R. Biden announced the MCC Board of Directors has selected The Gambia, Togo, Senegal, and Mauritania to develop new MCC grant programs.

November 9, 2022

COP27: MCC, USAID Partner to Scale-Up Green Finance in Developing Economies

MCC and USAID announced today they will work together to expand the use of green financing in low- and lower-middle income countries through the Joint Green Finance Pilot Program.

June 22, 2022

MCC CEO Visits Lusaka as the U.S., Zambia Make Progress on Second Compact

MCC leadership met with the President of the Republic of Zambia and officials from the Ministries of Finance and Agriculture to discuss the development of MCC’s second compact program with Zambia.

December 15, 2021

MCC’s Board Selects Belize, Zambia for Grant Assistance

MCC's Board of Directors held its quarterly meeting yesterday and selected Belize and Zambia as newly eligible to develop MCC compacts.

June 18, 2019

Readout from MCC Board of Directors June 2019 Quarterly Meeting

At its quarterly meeting, the MCC Board of Directors received an update on agency operations and was presented with preliminary results from the recently completed Malawi and Zambia Compacts.

November 2, 2018

MCC Celebrates the Closeout of the Five-Year, $355 Million Zambia Compact

MCC Vice President, General Counsel, and Corporate Secretary Jeanne Hauch visited Lusaka this week to recognize the accomplishments of the MCC Zambia Compact.

October 5, 2017

Millennium Challenge Corporation and The Coca-Cola Africa Foundation Expand Collaboration in Africa

The U.S. Government’s Millennium Challenge Corporation (MCC) today signed a Memorandum of Understanding (MOU) with The Coca-Cola Africa Foundation (TCCAF) to further leverage resources and expertise to support economic impact in MCC partner countries in Africa.

May 10, 2012

New MCC Compact with Zambia Expected to Benefit More than One Million People

Washington — The Millennium Challenge Corporation (MCC) signed a five-year, $354.8 million compact with the Republic of Zambia today to reduce poverty through sustainable economic growth in the country.

March 23, 2012

MCC Approves $354.8 Million Compact for Zambia

Washington, D.C. — The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors, chaired by Secretary of State Hillary Rodham Clinton, held its quarterly meeting yesterday. During the meeting, the Board approved a $354.8 million compact with Zambia. The compact, which addresses one of Zambia’s most binding constraints to economic growth, invests in the water sector in the rapidly urbanizing capital city of Lusaka.