MCC Advisory Council members met for inaugural meeting
IGD President Dr. Mima S. Nedelcovych participated in the inaugural meeting of the Advisory Council of the Millennium Challenge Corporation (MCC) to weigh in on how the agency can strengthen public and private sector partnerships to accelerate economic growth in Africa.
The MCC is an independent U.S. Government agency working to reduce global poverty through economic growth. The new Advisory Council provides a platform for systematic engagement with the private sector and will build on MCC’s ongoing work with the global business community.
At the fall meeting in Washington, the 19-member Advisory Council discussed trends in international development and offered insight into how the MCC can continue to innovate for greater impact in the countries where they operate. The agency specifically sought input from Council members on MCC’s compact in Benin – a $375 million power sector focused program signed in September 2015.
“IGD’s Frontier Leader Network offers tremendous value to the MCC Advisory Council,” said Nedelcovych. “As a member of the Advisory Council, I aim to ensure that the voices of Africa’s private sector are heard and will work closely with MCC to enhance a systematic engagement with Africa’s private sector.”
The council will meet at least twice a year to provide expert perspectives on innovations in infrastructure, technology and sustainability; perceived risks and opportunities in MCC partner countries; new financing mechanisms for developing country contexts; and shared value approaches.