Biden nominates Alice Albright as CEO of Millennium Challenge Corporation, key independent U.S. government agency working to reduce global poverty through economic growth

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Simon Ateba is Chief White House Correspondent for Today News Africa. Simon covers President Joe Biden, Vice President Kamala Harris, the U.S. government, the United Nations, the International Monetary Fund, the World Bank and other financial and international institutions in Washington D.C. and New York City.

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.

President Joe Biden delivers remarks to essential and frontline workers and military families attending the Fourth of July celebration, Sunday, July 4, 2021, on the South Lawn of the White House. (Official White House Photo by Katie Ricks)
President Joe Biden delivers remarks to essential and frontline workers and military families attending the Fourth of July celebration, Sunday, July 4, 2021, on the South Lawn of the White House. (Official White House Photo by Katie Ricks)

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.”

Millennium Challenge Corporation’s Deputy CEO, Alexia Latortue, nominated by President Biden on Friday August 6, 2021, as Assistant Secretary for International Markets at the U.S. Department of the Treasury
Millennium Challenge Corporation’s Deputy CEO, Alexia Latortue, nominated by President Biden on Friday August 6, 2021, as Assistant Secretary for International Markets at the U.S. Department of the Treasury

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.

Simon Ateba

Simon Ateba is Chief White House Correspondent for Today News Africa. Simon covers President Joe Biden, Vice President Kamala Harris, the U.S. government, the United Nations, the International Monetary Fund, the World Bank and other financial and international institutions in Washington D.C. and New York City.

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