On Wednesday, Ambassador Kirk, in his capacity as a Member of the Board of Directors of the Millennium Challenge Corporation (MCC), participated in the second quarterly meeting of the Board of Directors for 2010. MCC is a U.S. Government foreign aid agency and one of the largest sources of assistance to eligible countries for bilateral trade capacity building.
Established in 2004, MCC works with developing countries committed to good governance, economic freedom, and investments in their citizens. MCC provides these well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth.
By giving eligible countries the opportunity to identify their own priorities and develop their own proposals for reducing poverty and spurring economic growth, MCC enables countries to address long-term development obstacles, including in the area of trade. MCC is engaged with a total of 38 countries and has entered into 20 compacts and 21 threshold agreements totaling more than $7.5 billion, of which more than $4.2billion is trade-related. Please click here to see a copy of the release from the MCC.
