President’s Budget Includes $1.25 Billion for Millennium Challenge Corporation
The current Millennium Challenge Corporation CEO is Dana Hyde.
Hyde grew up in a small town in eastern Oregon and received her undergraduate degree in political science from UCLA.
From 1989 to 1991, Hyde served as a legislative assistant for the American Israel Public Affairs Committee (AIPAC). She subsequently worked on President Bill Clinton’s first campaign for the White House. After Clinton’s inauguration, Hyde served as special assistant to the president in the White House Office of Cabinet Affairs, coordinating policy initiatives with the chiefs of staff of national security agencies. She remained in that post until 1995. She later served as special assistant to the Deputy Attorney General in the Clinton Justice Department.
She received her law degree from Georgetown and passed the bar in 1997. From 1998 to 2000, Hyde worked as an attorney at the law firm Zuckerman, Spaeder. Then, from 2001 to 2002, she practiced law as part of the international arbitration group at WilmerHale. She also worked in London for the firm of Wilmer, Cutler & Pickering.
One of Hyde’s most prominent roles was as counsel to the 9/11 commission, where she served from 2003 to 2004. She focused on crisis management issues and the immediate response of the White House, the Pentagon, and the Federal Aviation Administration to the attacks.
After leaving the commission, Hyde was executive director of the Partnership for a Secure America. This organization has as its goal the advancement of bipartisan work on national security and foreign policy issues.
In 2009, after serving on the Obama-Biden transition team, Hyde was named a senior advisor for management and resources at the State Department. Then, in 2011, Hyde moved to the Office of Management and Budget, becoming associate director for general government programs.
Justification document for Congress
Where We Work
MCC forms partnerships with poor countries that show they are committed to good governance, economic freedom, and investing in their citizens. Click here to see the countries and then remind yourself about the terror and corruption in each.
Initiatives
Since its creation in 2004, MCC has been advancing and accelerating the conversation on aid effectiveness.
MCC is committed to helping our partner countries adapt to climate change and mitigate emissions through climate resilient, low carbon economic development.
Country ownership—or country-led development—has been broadly embraced by the international donor community as a critical element of international development aid.
One of MCC’s core principles is that aid is most effective in countries with a sound commitment to accountable and democratic governance.
MCC has been at the forefront of transparency in delivering aid.
MCC works with partner countries to integrate internationally-accepted principles of environmental and social sustainability into the design and implementation of compacts.
Controlling corruption a key indicator in selecting countries for compact eligibility and throughout the compact lifecycle. MCC—with the MCAs—promotes measures to prevent, detect and combat corruption before it occurs and to address problems after they emerge.
With its partner countries in the lead, the MCC portfolio of investments has been on the forefront of addressing food security priorities since MCC’s first compact in 2005.
MCC recognizes that gender and social inequality are significant constraints to economic growth and poverty reduction.
MCC leads the charge to uncover the best data available to fight corruption by partnering with experts to form a Governance Data Alliance. MCC and the alliance are committed to filling the gaps for measuring governance.
MCC has obligated nearly $3 billion for trade capacity building in AGOA countries on infrastructure like roads and power, on upping productivity of small and medium-size businesses and export-heavy sectors, and leveraging policy and regulatory reforms.
Through its compacts in partner countries, MCC has committed approximately $1.5 billion to support Power Africa, the U.S. Government’s effort to double access to electricity in sub-Saharan Africa.
MCC supports its partner countries in their efforts to achieve the SDGs and improve the lives of their people by fighting poverty through inclusive economic growth.
MCC applies the principles of economic growth, strong policies, country-led plans and rigorous evaluation to create a more stable and prosperous future for the world’s poor.
Development needs around the world will not be met by foreign assistance alone. Official development assistance must increasingly catalyze other resources to finance development – including private-sector investment. Here’s one way MCC is doing just that.
In selecting partner countries, MCC relies on independent public data that captures as clearly as possible the actions governments take to fight corruption. MCC is seeking improved and expanded indicators from the institutions that produce this data.
NGO consultations are at the core of MCC’s compact development process. By listening to the voices and experience of the broader NGO community, MCC leverages all available expertise from others to maximize our investments.
MCC has been at the forefront of transparency in delivering aid.
MCC and other U.S. Government agencies have joined together to coordinate Partnership for Growth (PFG), a partnership between the United States and a select group of high-performing developing countries to accelerate and sustain broad-based economic growth.
Smart Aid Series
Since its founding, MCC has sought innovative ways to reduce poverty through economic growth. Smart Aid brings together development practitioners and MCC staff to share best practices, lessons learned, and engage in a dialogue to effectively move aid forward.
