MCC: Yohannes Confirmed as CEO

Last week, the Senate confirmed Daniel W. Yohannes as the new CEO of the Millennium Challenge Corporation. During his confirmation hearing, Yohannes expressed the necessity and difficulty of replacing “patronage with partnership to deliver smart aid that matters.” Among many other positions, Yohannes formerly served as Vice Chairman of U.S. Bank.

Next month, the Board of Directors of the MCC will convene to select which countries are eligible to apply for funding for the next fiscal year. It will mark the seventh round of MCC funding.