U.S. President Joseph R. Biden Jr. on Friday announced his intent to nominate Alice Albright to be Chief Executive Officer of the Millennium Challenge Corporation, an independent development agency of the U.S. Government, working to reduce global poverty through economic growth.
Created in 2004, MCC provides time-limited grants and assistance to developing countries that meet rigorous standards for good governance, from fighting corruption to respecting democratic rights.
Ms. Albright is the Chief Executive Officer of the Global Partnership for Education’s Secretariat and served in the Obama Administration from 2009 – 2013 as the Executive Vice President and Chief Operating Officer of the Export-Import Bank of the United States (EXIM).
Prior to EXIM, Ms. Albright held leadership roles at the Global Alliance for Vaccines and Immunizations (GAVI) and worked as a banker with a focus on emerging markets.
“Alice’s tremendous experience in the development space, U.S. government, and the private sector is an excellent match for MCC,” said Mahmoud Bah, MCC’s Acting Chief Executive Officer. “We are thrilled by this announcement.”
President Biden also announced his intent to nominate MCC’s Deputy CEO, Alexia Latortue, as Assistant Secretary for International Markets at the U.S. Department of the Treasury. “As we step up our ambition in advance of MCC@20, Alexia’s impact on the agency was immediate and invaluable,” said Bah. “Treasury is a key member of MCC’s Board of Directors and we look forward to continuing to work closely with Alexia in her new role if confirmed.