International development is a key pillar of America’s foreign policy. The United States is better off when our partners abroad are more stable, secure and prosperous. International development enhances our security, advances our interests abroad, and creates opportunities here at home. In today’s global economy, international markets are fundamental to the growth and success of American businesses.
In January 2004, MCC was launched as a grand experiment in foreign assistance effectiveness; today, it stands as a respected leader in the field of international development and is a critical component of America’s economic relationship with developing countries around the globe. Its data-driven investments and competitive selection have promoted good governance, transparency and accountability. Its private-sector focus has drawn out innovation, and its targeted policy reforms have opened up new opportunities for American businesses. By investing in the future of partner countries, MCC is helping to turn the frontier markets of today into America’s major trading partners of tomorrow.
As the progress captured in this report shows, MCC is transforming lives and creating opportunity for millions of people worldwide. In Fiscal Year 2016, MCC signed new programs with Liberia, Morocco, Niger and Sierra Leone that will unlock economic growth, catalyze private investment, and help people lift themselves out of poverty.
Fiscal Year 2016 was also a notable year for MCC’s commitment to transparency and accountability. The agency proudly ranked first in the U.S. Government and second among all international donors in Publish What You Fund’s Aid Transparency Index. MCC also scored highest among seven federal agencies in Results for America’s Federal Invest in What Works Index.
As MCC looks to the future, it is focused on taking its proven model of evidence-based development to the next level. In 2016, MCC released a strategy for the years ahead—NEXT—which aims to broaden and deepen impact, partner consistently with the private sector, and spur innovations in development effectiveness. In today’s interconnected world, MCC is poised to drive development forward while advancing American values, security and prosperity.
Board of Directors: Fiscal Year 2016
The MCC Board of Directors comprises five government officials and four individuals from the private sector, who are appointed to serve by the President with the advice and consent of the U.S. Senate. The Board of Directors meets quarterly. At the end of Fiscal Year 2016, the Board had one vacancy.
- John F. Kerry, Chair, Secretary of State
- Jacob J. Lew, Vice Chair, Secretary of the Treasury
- Michael Froman, U.S. Trade Representative
- Gayle Smith, Administrator, U.S. Agency for International Development
- Dana J. Hyde, Chief Executive Officer, MCC
- Mike Johanns, Former U.S. Senator and Secretary of Agriculture
- Susan M. McCue, President, Message Global
- Morton H. Halperin, Senior Advisor, Open Society Foundations and the Open Society Policy Center