Over its first 20 years, MCC has supported the essential building blocks of economic growth in nearly 50 countries by investing nearly $17 billion in grant financing, which is expected to benefit almost 400 million people. These large-scale investments have been transformative across a range of sectors including transportation, energy, water and sanitation, access to finance, and workforce skills. The work has resulted in over 3,800 kilometers of roads, 113 megawatts of new power generation, 490,000 educated students, and 450,000 trained farmers, among many other accomplishments.
Across administrations of both parties, MCC has played a key role in the U.S. Government’s foreign policy goals, while supporting the development priorities of partner countries. MCC does this by working collaboratively with partner countries and supporting their key growth sector priorities. This foundation is what makes MCC unique and effective in addressing the economic challenges jointly identified with partner countries. With cost-effective and transparent projects, MCC’s evidence-based approach ensures that American tax-payer dollars are well spent in countries that share democratic values.
MCC has consistently taken a long view of economic development and has a history of being ahead of the curve—making investments now to achieve inclusive growth in the future. MCC has a substantial track record of being a highly adaptable agency with a focus on tailored solutions that deliver outsized development impact for the economic challenges of today and tomorrow. MCC has proven time and again that the MCC model can stand up to and even anticipate the challenges of the future. At 20 years, MCC is equipped with the learning and capabilities to make a meaningful impact as it continues to be responsive to the needs of partner countries in a continuously changing global development landscape. As the world continues to change rapidly, the MCC model is built to adapt to the emerging global trends that impact economic development.
Though the MCC model has already reached proof of concept, MCC must push the envelope and continue to evolve. Building on what MCC has learned and what it anticipates the needs to be, MCC is poised to confidently take on the agency’s next chapter. As MCC looks beyond its twentieth anniversary, it is setting a path forward for the agency. The global development landscape will continue to change dramatically, and MCC will continue to adapt to deliver even greater development impact.