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Millennium Challenge Corporation

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Board of Directors. Secretary of State, Chair. Secretary of Treasury, Vice-Chair. USTR ... Benin, Cape Verde, Georgia, Honduras, Madagascar, Nicaragua, and ... – PowerPoint PPT presentation

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Title: Millennium Challenge Corporation


1
Reducing Poverty Through Growth
2
Millennium Challenge Corporation Reducing Poverty
Through Growth
Millennium Challenge Corporation
  • Fulfillment of Monterrey commitment to
    provide greater resources to countries taking
    greater responsibility for their own
    development.
  • Established in law January 2004
  • Poverty Reduction Through Growth

3
Board of Directors
Millennium Challenge Corporation Reducing Poverty
Through Growth
  • Secretary of State, Chair
  • Secretary of Treasury, Vice-Chair
  • USTR
  • USAID Administrator
  • MCC Chief Executive Officer John Danilovich
  • Four public members
  • Christine Todd Whitman
  • Kenneth Hackett
  • Two to be named

4
Millennium Challenge Corporation Reducing Poverty
Through Growth
Based on Key Lessons of Aid
  • Policies Matter
  • Country Ownership Critical
  • Results, Not Inputs Count

We want to make decisions ourselves. It is our
country, and we have to take on leadership and
responsibilities. If you take a look at the last
two issues, our vision and country ownership, you
will realize why the MCA is so important for us.
Here we have a new approach which helps us to
implement our vision. We have opportunities to
design and implement our own programs. --Marc
Ravalomanana, The President of Madagascar
School of Advanced International Studies, Johns
Hopkins University, April 19, 2005

5
Millennium Challenge Corporation Reducing Poverty
Through Growth
Policies Matter
  • Good policies encourage inflows of private
    capital and increased trade, the real engines of
    growth.
  • Country eligibility based on sixteen independent
    indicators in three different criteria
  • Countries are measured against other countries of
    similar income level
  • Ruling Justly
  • Investing in People
  • Encouraging Economic Freedom


6
Millennium Challenge Corporation Reducing Poverty
Through Growth
23 Countries Selected by MCC Board for FY 2004,
2005 and 2006

7
Millennium Challenge Corporation Reducing Poverty
Through Growth
Policies Matter
  • Threshold Program reinforces MCA incentive to
    improve policies for countries close on
    indicators with demonstrated commitment to
    reform.
  • May propose funding to improve on MCC
    indicators

Burkina Faso Improving Girls Primary School
Completion Rate

8
Threshold Countries
Millennium Challenge Corporation Reducing Poverty
Through Growth
9
Country Ownership Critical
Millennium Challenge Corporation Reducing Poverty
Through Growth
  • Eligible countries submit proposal for MCC
    funding, after consulting with civil society
    and private sector.
  • MCC assesses proposals based on
  • The contribution to poverty reduction and
    growth
  • The quality of the consultative process and
    breadth of support
  • The ability to measure results

10
Results Count
Millennium Challenge Corporation Reducing Poverty
Through Growth
  • Specific objectives and measures of success
    are agreed on from the beginning
  • A monitoring and evaluation plan is an integral
    part of each Compact
  • Continued funding is contingent on continued
    performance on the indicators and meeting agreed
    benchmarks for program implementation

11
Example The Madagascar Compact
Millennium Challenge Corporation Reducing Poverty
Through Growth
  • Signed April 18, 2005
  • 110 Million over 4 Years
  • Goal Increase investment in rural Madagascar
  • Three Integrated Projects
  • Land Tenure
  • Financial Sector
  • Agricultural Business Investment

Family selling produce and grains outside home in
Mahitsy, Madagascar.
12
Implementation
Millennium Challenge Corporation Reducing Poverty
Through Growth
  • The Compact defines responsibilities. The
    country is responsible for implementation.
  • Each Compact also defines the governance and
    accountability structure.
  • MCC may have one or two representatives in an
    MCA country

13
Where is MCC Today?
Millennium Challenge Corporation Reducing Poverty
Through Growth
  • Congress has appropriated 4.27 billion to
    date. Requested 3 billion for FY07.
  • Eight Compacts signed Armenia, Benin, Cape
    Verde, Georgia, Honduras, Madagascar,
    Nicaragua, and Vanuatu
  • Over 1.5 billion committed
  • Threshold agreements approved with Burkina
    Faso, Malawi, Tanzania, Paraguay and Albania
  • More Compacts and Threshold agreements in
    progress

14
Technology at MCC
Millennium Challenge Corporation Reducing Poverty
Through Growth
  • Windows based computing
  • MS/Office suite Exchange, Word, Excel,
    PowerPoint
  • MCCnet (LAN/WAN) established 12/2004
  • Primary data center in Sterling VA, warm backup
    data center in San Jose CA
  • ExperienceMCC (EMC2) Intranet
  • Project management MS/Project, MS/Enterprise
  • Document management FileSite from Interwoven
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