Millennium Challenge Corporation

🚀 Exciting news from the Millennium Challenge Corporation! Today, the MCC Board of Directors approved significant investments in Belize and Sierra Leone, aiming to spark economic growth, reduce poverty, and promote democracy. 🔹🇧🇿 Belize Compact: With a $125 million investment, the focus will be on enhancing education and lowering high electricity costs. The Education Project emphasizes inclusion and equity, creating opportunities for traditionally excluded groups and addressing gender gaps in education and workforce preparation. 🔹🇸🇱 Sierra Leone Compact: Because 70% of Sierra Leone's population lacks access to electricity, MCC's $480 million investment will help provide affordable energy to 4.6 million people. MCC's Board approved this investment in recognition of progress made to implement the Agreement for National Unity, including the delivery of the draft Electoral Review Committee report, which is expected to be finalized and published in the coming days. These actions taken to date represent a critical advancement of efforts to strengthen Sierra Leone’s democratic and electoral institutions following the June 2023 elections. These investments are designed to directly benefit those in need, driving sustainable economic growth and fostering resilient democratic institutions. #MCC20 #InvestmentOpportunity #sustainabledevelopment ➡️ Learn more: https://lnkd.in/e-fUqZSm

MCC is proud to celebrate the 1st cohort of the UUTI Activity under the MCC-Kiribati Threshold Program! The Kiribati Ministry of Education hosted this event, marking a significant milestone in empowering 108 Kiribati youth through education. Special thanks to all dignitaries, officials, and families who attended. Education is Everyone’s Business. #Education #MCC20 #Kiribati #YoutEmpowerement 👉 More info: https://lnkd.in/ePgepdsx

🚀🇹🇬 Empowering Women Entrepreneurs with Nanatech!   On June 15, OMCA TOGO and Togo’s Ministry of Digital Economy and Transformation Cina Lawson launched the NanaTech program. This initiative, funded by the Millennium Challenge Corporation, aims to empower women entrepreneurs with essential ICT skills.   OMCA-Togo CEO N’gname Bougonou recognized women who bravely step out of their comfort zones to join Nanatech’s training programs. She encouraged them to remain dedicated to their digital journeys, crucial for their emerging businesses.   Geneviève N’Gonou, owner of the Mary-Queen beauty institute, shared her experience: “The first day I stepped into the Hub, I knew I was in the right place. Thanks to the patient and supportive trainers, I can now manage my business with the #YUAL app. This training has significantly impacted my ability to handle scheduling, stock management, accounting, and graphic design, overcoming major financial hurdles.” MCC is empowering women with digital innovation. #EmpoweringWomen #DigitalInnovation #MCC20 #GrowWithMCC

⚡️Celebrating 20 years at the forefront of sustainable energy development. Our investments have doubled power generation capacity, connecting over 85,000 households to reliable electricity in 🇱🇷 Liberia, modernized electrical grids in 🇧🇯 Benin to serve an additional 60,000 homes, and enhanced 🇬🇭 Ghana’s energy infrastructure, benefiting approximately 5 million people through the construction of four power substations. We’ve also improved access to electricity for 500,000 🇲🇼 Malawians. These collective efforts are paving the way for economic prosperity and improved quality of life. #PoweringGrowth #MCC20

🇲🇼⚡️Strengthening the Power Sector by Empowering Women. Strengthening Malawi’s power sector goes hand in hand with empowering women to take leading roles. ESCOM, the country’s electric utility, created a Gender and Social Inclusion unit to mainstream women’s participation in the energy sector. The unit is training employees and developing opportunities for the next generation of female engineers. “Research has shown that organizations with women in decision-making roles perform much better than those without. We believe ESCOM can greatly benefit from women’s perspectives,” said Elube Chienda, Gender and Social Inclusion Manager at ESCOM. ESCOM partnered with the University of Malawi and the Malawi University of Science and Technology to launch scholarship and internship programs for high-performing female engineering students. The utility also initiated a career talks program in three secondary schools in Blantyre to spark girls’ interest in engineering. 🎓🏫 #EmpowerWomen #GenderInclusion #Engineering #Malawi #FutureLeaders #MCC20

🇺🇸 MCC Vice President of Compact Operations Cameron Alford recently met with Minister of State Abdoulaye Bio Tchané to celebrate MCC’s collaboration with #Benin. This partnership aims to improve 77 km of roadway, facilitating faster and more efficient transport of goods through the Port of Cotonou and into the West #Africa region. 🇧🇯 MCA-Bénin Régional #MCC20 #GrowWithMCC #sustainabledevelopment

🇲🇿 Last month in Mozambique, MCC signed two partnership agreements totaling $144M with BIOFUND _ and ProAzul Moçambique to implement the #innovative Coastal Livelihoods and Climate Resilience Project. Using nature-based, inclusive solutions, the project will invest in land ownership rights, better fishing practices, and increased planting operations to boost incomes and building communities' climate change resilience. ⬇️ To learn more 1️⃣ Read our blog: https://lnkd.in/eUfbvsge 2️⃣ Annual Partnerships Report: https://lnkd.in/ePDqknwc #ClimateResilience #SustainableDevelopment #MCC20

🚀🇳🇵Unlocking Nepal's potential with sustainable energy, better roads, and private investment! The $500M MCC Nepal Compact is aimed at enhancing electricity reliability, road quality, and economic growth. MCC is committed to powering a brighter future. ➡️ Read More: https://lnkd.in/eECJ9dwV

In Italy, President Biden, alongside other G7 Leaders, announced historic progress made on his commitment to accelerating sustainable investment through the Partnership for Global Infrastructure and Investment (PGII). To date, the United States has mobilized more than $60 billion towards PGI investments. This is how the Millennium Challenge Corporation is contributing to these efforts and boosting infrastructure investments in emerging markets: https://lnkd.in/euhtW-nf #G7Summit #MCC20

As the needs of nations evolve, so must our approach to international development. In this video, CEO Alice Albright discusses with Center for Strategic and International Studies (CSIS) how MCC is emphasizing Country Ownership, ensuring our efforts are collaborative and responsive to our partner countries needs. She also highlights MCC’s impactful project in Côte d’Ivoire, DigiFemmes, a partnership with Microsoft to enhance digital literacy among women entrepreneurs.   She refers to it as: "a gentle evolution as we continue to learn about what really makes a difference on this pathway and quest towards  economic growth.”   ⬇️ Share your thoughts and comments below.   #GlobalDevelopment #AdaptiveAssistance #CountryOwnership #GrowWithMCC