WASHINGTON, D.C., October 13, 2016 – Today, the U.S. Government’s Millennium Challenge Corporation (MCC) will host the inaugural meeting of a new advisory council that will provide a platform for systematic engagement with the private sector, building on the agency’s ongoing work with the global business community.
The industry expertise, insights and technical recommendations of the Council’s 19 members will help to inform and deepen MCC’s public- and private-sector partnerships for greater leverage and impact in spurring economic growth and reducing global poverty. MCC believes the key to unleashing growth in its partner countries is through active engagement and collaboration with the private sector.
During today’s inaugural meeting, new members will get an overview of MCC’s work, discuss trends in international development, and consider how MCC can continue to innovate. The agency will specifically seek input from Council members on MCC’s compact in Benin – a $375 million power-sector-focused program signed in September 2015.
The MCC Advisory Council will meet at least two times a year, and members will provide insight on innovations in infrastructure, technology and sustainability; perceived risks and opportunities in MCC partner countries; new financing mechanisms for developing country contexts; and shared value approaches. See the full list of MCC Advisory Council members.
The Millennium Challenge Corporation is an independent U.S. Government agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants and assistance to poor countries that meet rigorous standards for good governance, from fighting corruption to respecting democratic rights. Learn more about MCC at www.mcc.gov.