Government hosts MCC executives
Ethiopia qualifies minimum threshold program for US foreign aid agency
The capital city of Ethiopia played host to executives of the United States Millennium Challenge Corporation (MCC) to help forge a stronger bond between Ethiopia and the North American nation on areas of poverty reduction and better economic partnership.
The visit comes as Ethiopia qualified for the minimum threshold program of the US foreign aid agency.The delegation was led by Cynthia Huger, the Vice President of MCC in Administration, Finance and Agency Head and was met by government officials, as well as actors from the private and development sectors within the nation.
“The decision by MCC’s Board of Directors to select Ethiopia for a threshold program is evidence of the government’s commitment to strengthening democratic institutions, improving economic policies, and investing in its people,” she said adding, “This new collaboration is an opportunity for Ethiopia and the United States to strengthen our relationship around our shared goal of reducing poverty through economic growth.”
In a phone call last year, the head of MCC, Jonathan Nash had made to Prime Minister Abiy Ahmed (PhD), he had indicated the willingness of the agency to build a stronger partnership with Ethiopia to fight poverty and spur private sector growth and investment. This was to be an endorsement of a slew of reforms happening in the country, including the liberalization of democratic institutions, better economic conditions and public investments made in the last few years.
“This opportunity would not be possible without the concrete steps the Ethiopian government has already taken toward democratic and economic reform. It’s a strong expression of the United States’ confidence in the Ethiopian government’s determination to fully achieve its reform agenda, and of our commitment to support the Ethiopian government in ensuring the reforms are successful and sustainable,” added U.S. Ambassador to Ethiopia Michael Raynor.
At the conclusion of the visit, the agency and the government will begin an 18–24 months long analysis and study the factors that might limit economic growth and sign grant agreements if the agreed plan runs its course.