28 November 2012

Africa: MCC Has Set the Standard for Development, Clinton Says

press release

Washington — The U.S. Millennium Challenge Corporation has set evaluation and accountability standards for international development assistance that inform aid officials about which approaches work best and which do not, said Secretary of State Hillary Rodham Clinton.

"We have to have better data, harder analysis, more accountability," instead of relying on the development approaches used in the past, Clinton told MCC staff in Washington November 27.

MCC currently invests more than $9 billion in 35 countries to help low-income people gain better access to food, energy, water and infrastructure and become competitive in the marketplace, said MCC Chief Executive Officer Daniel Yohannes.

Clinton, who chairs MCC's board of directors, said MCC "showcases some of our best thinking about how to do development for the 21st century."

"People around the world are eager to partner with MCC and even willing to try to meet the standards that have been devised for such a partnership," Clinton said. Under her tenure, MCC completed nine multiyear country funding agreements - or compacts - and signed eight new compacts.

Clinton stressed that U.S. development policy under President Obama has focused on results. She said the United States looks to MCC for help in continuing to shift the U.S. approach to development assistance as investments balancing risk with reward instead of as aid.

In addition, she said the United States wants to expand its network of local and national partners in the countries with which it has development funding agreements. She also called for global enforcement of transparency in the use of aid funds.

Clinton stressed that the long-term U.S. goal is to no longer need to do development. "We are pursuing country-owned efforts that are led, implemented and eventually paid for by a nation's own government, communities, civil society and private sector," she said.

The agency's approach to development assistance has gained attention from people outside of the U.S. government.

"MCC's commitment to evaluation, accountability, learning and transparency is a model not only for donors, but for government policy," said Harvard University economist Michael Kremer.

Copyright © 2012 United States Department of State. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.