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Congressional Budget Justification, FY 2023

  1. MCC’s fiscal year 2023 budget proposal will support its mission to reduce poverty through economic growth, including responding to opportunities in countries in the strategic areas of climate, inclusion and gender, and catalyzing private sector investment.

  2. Fully funding MCC’s budget proposal will help support compacts anticipated to be signed in FY23 in Indonesia and Mozambique – two programs with impactful climate-related and infrastructure opportunities that align with the U.S. Government’s climate commitments.

  3. MCC threshold programs seek to incentivize improved performance on MCC’s eligibility criteria and to support positive policy and institutional reforms to address binding constraints to economic growth in selected candidate countries.

  4. Compact development and oversight are composed of both Compact Development Funding and Due Diligence funding. These funds support pre-compact planning and assessment, oversight activities during implementation, and post-compact evaluations.

  5. The majority of the administrative budget covers MCC’s people, i.e., human capital, enabling the agency to successfully carry out its mission to reduce poverty through economic growth.

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

  7. MCC is seeking three legislative changes that would increase the agency’s impact and better enable it to flexibly fulfill its congressionally mandated mission to reduce poverty through economic growth.

  8. The appendix is a set of supplemental data and supporting materials used to produce the MCC budget justification, including MCC’s current portfolio listing, closed compacts results and modifications, sector results, beneficiary estimates, and corporate goals.