Today the Millennium Challenge Corporation (MCC) and Millennium Challenge Account-Indonesia (MCA-I) celebrated the second anniversary of the five-year compact in partnership with Indonesia. This $600 million USD program—focused on natural resource management, renewable energy, maternal and infant health, and procurement modernization—is built around one goal: reducing poverty through economic growth. U.S. Ambassador to Indonesia Robert O. Blake announced at today’s event: “This five-year agreement is a major pillar of our bilateral relationship and one that we, both Americans and Indonesians, can be proud of as we work together in partnership to accomplish its objectives.”
MCC’s CEO Dana J. Hyde, on her first trip to Indonesia, witnessed the signing of an agreement that brings together a consortium of private businesses that will join MCC in funding more than $15 million USD in investments to sustain the cocoa sector and increase the incomes of farmers and processors in this sector. She noted: “This partnership is built on shared values—on supporting and sustaining economic growth and development that generates stability and opportunity in this region of the world and beyond.”
MCC is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty. MCC, through MCA-Indonesia, works with the Government of Indonesia, the private sector and local partners on three objectives:
- Green Prosperity Project: to support low-carbon economic development through renewable energy and better natural resource development.
- Health and Community-Based Nutrition Project: to reduce and prevent low birth weight, childhood stunting, and malnourishment.
- Procurement Modernization Project: to improve efficiency and reduce waste in government procurements.