In today’s complex global climate, smart and effective foreign aid is critical to ensure long-lasting peace and shared prosperity. Economic growth, widely shared, can replace despair with hope, unlock humanity’s vast potential, and lead to a better future for all of us.
The U.S. Government’s approach to development has significantly evolved over time, thanks in no small part to the example set by the Millennium Challenge Corporation. MCC was founded on the principle that economic and political progress must work hand-in-hand to build strong societies. Over its 11-year history, MCC’s targeted investments and selective standards have promoted good governance, transparency and accountability, and helped ensure U.S. taxpayer dollars have maximum impact.
Investing in development is not just the business of rich governments – it is everybody’s business. All nations, businesses, investors, NGOs, and civil society must come together to fuel sustainable economic growth that lifts people out of poverty and helps create a more stable and prosperous world.
Thanks to the support of the American people, MCC is ensuring that committed and well-governed countries across the globe provide for their citizens, open their doors to private investment, and promote economic growth to end poverty as we know it.