The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty.

Created by the U.S. Congress in 2004, MCC provides time-limited grants promoting economic growth, reducing poverty, and strengthening institutions.

With the electricity sector investment needs of Africa and South Asia estimated at approximately $40 and $70 billion per year, respectively, these regions need to look beyond traditional donors, development banks and domestic markets to plug the investment gap. Private sector capital and expertise are vital to expanding and improving the sector.

Transparent governance, contract enforcement, creditworthy institutions and respect for the rule of law are some of the necessary preconditions to attract this kind of investment. MCC helps partner countries to address gaps in their electricity sector policies, laws and regulations and strengthens sector institutions to help create a business-friendly environment.

For more information please visit the MCC website.