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Congressional Budget Justification, FY 2018

  1. MCC’s fiscal year 2018 budget request will support the development and implementation of MCC programs in 26 countries with a combined population of about 118 million people living on less than $1.90 per day.

  2. Fully funding the FY 2018 request will help support grants to new partner countries, including Mongolia, Senegal, and Sri Lanka.

  3. The Threshold Program has been designed to challenge countries to implement key policy and institutional reforms. For FY 2018, MCC plans to support new threshold programs with Timor-Leste and Togo.

  4. 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.

  5. 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.

  6. The USAID Office of Inspector General conducts financial and performance audits and reviews for MCC.

  7. 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.

  8. 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.