The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty.
Created by the U.S. Congress in January 2004 with strong bipartisan support, MCC is changing the conversation on how best to deliver smart U.S. foreign assistance by focusing on good policies, country ownership, and results.
MCC forms partnerships with some of the world’s poorest countries, but only those 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. MCC grants complement other U.S. and international development programs.There are two primary types of MCC grants: compacts and threshold programs.
- Compacts are large, five-year grants for countries that pass MCC’s eligibility criteria.
- Threshold programs are smaller grants awarded to countries that come close to passing these criteria and are firmly committed to improving their policy performance.