Millennium Challenge Corporation

Millennium Challenge Corporation
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Agency overview
FormedJanuary 2004
HeadquartersWashington, D.C., U.S.
Employees~300 (2011)
Annual budget$930 million (FY 2023)[1]
Agency executive
Websitewww.mcc.gov
Partner countries as of May 2011. Countries in green have active compacts; countries in orange have active threshold compacts.

The Millennium Challenge Corporation (MCC) is a bilateral United States foreign aid agency established by the U.S. Congress in 2004. It is an independent agency separate from the State Department and USAID. It provides grants to countries that have been determined to have good economic policies and potential for economic growth. The country qualification process is objective, involving scores provided by third parties in 20 different areas. An eligible country must apply for a grant with a specific project in mind.

According to the OECD, the United States’ total official development assistance (ODA) (USD 55.3 billion, preliminary data) increased in 2022, mainly due to support to Ukraine, as well as increased costs for in-donor refugees from Afghanistan. ODA represented 0.22% of gross national income (GNI). [3]

  1. ^ "FY 2024 Congressional Budget Justification - Department of State, Foreign Operations, and Related Programs" (PDF). U.S. Department of State. Archived from the original (PDF) on January 3, 2024. Retrieved January 3, 2024.
  2. ^ "Page: Leadership".
  3. ^ "OECD Development Co-operation Profiles". Retrieved 4 October 2023.