Millennium Challenge Corporation CEO Dana J. Hyde is traveling to Mongolia this week to discuss the development of the country’s new compact with Mongolian and American officials.
Hyde will travel to Mongolia from May 21 to May 27 and will meet with President Elbegdorj and Prime Minister Saikhanbileg. She will also visit communities that benefited from MCC’s first compact with Mongolia, which was implemented from 2008 to 2013.
Hyde will also meet with senior American and Mongolian officials and representatives from civil society, the development community and the private sector.
In December 2014, MCC’s Board of Directors selected Mongolia as eligible to develop a compact, a large-scale grant designed to reduce poverty by tackling systemic barriers to economic growth.
The country’s first MCC compact, a five-year, $285 million investment, focused on transportation infrastructure, property rights, vocational education, health, green energy and environmental protection.
For more interest, contact MCC Public Affairs or the U.S. Embassy in Ulaanbaatar.