06/18/2019 | Press release | Distributed by Public on 06/18/2019 13:31
WASHINGTON, D.C., June 18, 2019 - The U.S. Senate today confirmed Sean Cairncross as Chief Executive Officer of the U.S. Government's Millennium Challenge Corporation (MCC).
'I would like to thank President Trump for nominating and the U.S. Senate for today confirming Sean Cairncross to be the Chief Executive Officer of the Millennium Challenge Corporation,' Administration & Finance Vice President (and Head of Agency) Cynthia Huger said. 'We are thrilled to welcome Sean to MCC in the coming weeks and we look forward to his strong leadership.'
In addition, on Thursday, June 13, the U.S. Senate confirmed by unanimous consent former U.S. Representative Alexander (Ander) Crenshaw of Florida; former U.S. Senator Mike Johanns of Nebraska; George Marcus of California; and Susan McCue of Virginia as members of the MCC Board of Directors. Mr. Crenshaw and Mr. Marcus will serve as board members for a term of three years. This is the second term for board members Mr. Johanns and Ms. McCue who will both serve two years.
MCC is an independent U.S. Government agency that works to reduce global poverty through economic growth. MCC's investments help lift people out of poverty, creating more stable, secure countries with new business opportunities while strengthening U.S. national security.
MCC was created in 2004 as a new and different model of development assistance-one focused solely on helping reduce poverty through economic growth. Built on the lessons of decades of development experience, MCC is unique in a number of ways: MCC provides time-limited grants to developing countries that meet rigorous standards for good governance, from fighting corruption to respecting democratic rights, as evaluated on MCC's scorecard; MCC takes a business-like approach, with bedrock commitments to data, accountability, and evidence-based decisions; and MCC focuses on creating the right circumstances for businesses to invest in partner countries. MCC's investments are improving the lives of millions of people around the world.