MCC's five-year, $540 million compact with Senegal was designed to boost economic growth by unlocking the country’s agricultural productivity and expanding access to markets and services by investing in roads and irrigation networks.
MCC CFO Matt Bohn met with businesses and civic and international development leaders in Atlanta to discuss potential partnerships and expansion into new and emerging markets as part of MCC’s effort to bring opportunities to U.S. businesses.
MCC and the U.S. Department of Commerce were joined by 10 U.S. firms on a trade and investment to Tanzania and Malawi where they explored energy sector business opportunities. The mission promoted U.S. exports and U.S. companies' presence in Africa.
MCC is a major contributor to Power Africa, the U.S. Government's effort to double access to power in sub-Saharan Africa through investments in infrastructure, policy and regulatory reforms and institutional capacity building.
MCC CEO Dana J. Hyde traveled to Chicago to meet with local business and civil society leaders to discuss the agency’s investments around the globe, and to let U.S. companies know that MCC can be a gateway to opportunity in new and frontier markets.
MCC and Guatemala signed a $28 million threshold program designed to support efforts to increase revenues and reduce corruption in tax and customs administration, catalyze more private funding for infrastructure and help Guatemalan youth get job skills.
At a meeting April 17 during the 2015 World Bank-IMF spring meetings, MCC launched energy-focused investment outlooks for Ghana, Malawi and Tanzania and highlighted an upcoming joint trade mission to Tanzania and Malawi with the U.S. Department of Commerce.
On Feb. 25, 2015, the Millennium Challenge Corporation signed an agreement with the Republic of Liberia for $2.8 million in funding for the development of a compact, bringing the two countries' partnership to the next level.