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Fiscal Year 2024 Annual Report

Since its creation in 2004, MCC’s programs are expected to impact over 380 million lives by creating transformational change and opportunities in its partner countries by focusing on one mission: reducing poverty through economic growth. By taking a country-led, results-driven approach to foreign assistance, MCC provides time-limited grants to countries that meet rigorous standards for good governance, fighting corruption, and respecting democratic rights. MCC empowers partner countries and catalyzes private investment for public good, creating a more secure world with more opportunities for economic growth at home and abroad.

  1. Section 1: Introduction

    This report captures the progress made across MCC’s portfolio in FY 2024, including signing or launching agreements granting over $2 billion in assistance. The agency also celebrated its 20th anniversary this year.

  2. Section 2: Corporate Priorities

    MCC’s FY 2024 corporate priorities included the MCC@20 policy framework, reforming its candidate country pool, revising its Gender and Inclusion Policy, and working to increase private investment through blended finance.

  3. Section 3: Driving Progress Through Programs

    In FY 2024, MCC partnered to develop or implement compacts with The Gambia, Zambia, Togo, Cóte d’Ivoire, Senegal, Cabo Verde, Timor-Leste, Benin, Mozambique, Belize, Sierra Leone, Mongolia, Nepal, Kosovo, Lesotho, Malawi, Indonesia, and Niger.

  4. Section 4: Leveraging Partnerships

    MCC’s partnerships with donors, foundations, businesses, academic institutions, nongovernmental organizations, and other U.S. government agencies are driving innovation and creating meaningful impact in compact and threshold programs.

  5. Section 5: Conclusion

    As MCC looks beyond its twentieth anniversary, it is setting a path forward for the agency.