To create the conditions for economic growth in poor countries, MCC is requesting $1 billion from Congress for FY17 to make lasting improvements in the lives of poor people by, in part, leveraging private investment through political and institutional reforms.
Compacts in Development
Fully funding the FY 2017 request will help unlock key constraints to economic growth in Africa and Asia, incentivize policy and institutional reforms necessary for private investment, and improve the well-being of some of the world’s poorest people.
Threshold Programs in Development
The Threshold Program has been designed to challenge countries to implement key policy and institutional reforms. For FY 2017, MCC plans to support new threshold programs with Sri Lanka and Togo.
Compact Development and Oversight
Detailed focus on pre-compact planning, oversight and post-compact evaluation is critical for successful investments and ensuring that MCC, partner countries & the development community can take advantage of the learning opportunities inherent in MCC programs.
The administrative expenses budget reflects MCC’s focus on gaining efficiencies while at the same time making necessary, prudent investments that increase overall productivity and organizational effectiveness.
The USAID Office of Inspector General conducts financial and performance audits and reviews for MCC.
Proposed Legislative Changes
MCC is seeking authority to implement concurrent compacts to maximize impact and supplement its proven country-focused model with the ability to develop regionally-oriented investments.
Appendix: FY 2015 Annual Performance Report
MCC’s evidence-based approach to selecting partners and evaluating results, as well as the current portfolio listing, closed compacts results and modifications, sector results, beneficiary estimates and corporate goals are listed here.