Audit of MCC Private Sector Initiatives.
Country: United States
Fiscal Year: 2011
MCC conducts private sector initiatives to increase private sector activity and investment in MCC partner countries. MCC hopes to achieve the most benefit from its programs by supplementing U.S. taxpayer dollars with outside donor support from the private and public sector. To this end, MCC has signed memorandums of understanding (MOUs) with organizations that also work to reduce global poverty, including Microsoft Corporation, Department for International Development (United Kingdom), General Electric Company, Phelps Stokes Fund, Alliance for a Green Revolution in Africa, Danish Ministry of Foreign Affairs, Agence Française de Développement (France), and the World Food Programme. The MOUs are tied to tangible outcomes such as increasing agricultural productivity for farmers, expanding water and sanitation facilities, securing property rights, and engaging women in development.
The objective of this audit will be to determine whether MCC efforts to promote private and public sector activities and investments through the MOU process has helped the corporation maximize the effects of its limited financial resources and prevent unnecessary duplication of development work.
Source: Office of Inspector General - ANNUAL PLAN - FISCAL YEAR 2011
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