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MCC celebrates 2-year partnership with RI
The Millennium Challenge Corporation (MCC) and Millennium Challenge Account-Indonesia (MCA-I) celebrated the second anniversary of their US$600 million partnership with Indonesia on Thursday
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he Millennium Challenge Corporation (MCC) and Millennium Challenge Account-Indonesia (MCA-I) celebrated the second anniversary of their US$600 million partnership with Indonesia on Thursday.
'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,' US Ambassador to Indonesia Robert O. Blake said.
The partnership, which focuses on natural resource management, renewable energy, maternal and infant health and procurement modernization, aims to reduce poverty through economic growth.
MCC CEO Dana J. Hyde, on her first trip to Indonesia, witnessed the signing of an agreement that brought together a consortium of businesses to join MCC in funding more than $15 million in investments to sustain the cocoa sector and increase the incomes of farmers and processors in the sector.
'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,' she noted.
MCC is an innovative and independent US foreign aid agency that is helping lead the fight against global poverty. MCC, through MCA-Indonesia, works with the Indonesian government, the private sector and local partners on three objectives.
Through its green prosperity project, MCC aims to support low-carbon economic development through renewable energy and better natural resource development.
Meanwhile, the health and community based nutrition project will hopefully reduce and prevent low birth weight, childhood stunting and malnourishment.
'It is expected the procurement modernization project can improve efficiency and reduce waste in government procurements,' said the US Embassy in a statement made available to The Jakarta Post on Thursday. (ebf)(++++)
