ANSWER: MCC
Explanation:
The Indian ministry of external affairs has joined hands with the US government's Millennium Challenge Corporation (MCC) to strengthen regional integration and connectivity.
This is more so particularly in the areas of energy, trade and investment in third countries.
The agreement is to promote economic growth, development, regional cooperation and connectivity. Proposed cooperation between MCC and MEA's Development Partnership Administration was in line with that spirit.
MCC is a US government agency. It provides eligible countries with grants to fund country-led solutions. It works for reducing poverty through sustainable economic growth.
DPA concerns implementation of India's development cooperation programmes with partner countries.
The two agencies will pursue a range of activities designed for:
- Promoting sustainable economic growth,
- Identifying and developing strategic opportunities and
- Cooperating at the country or regional level in mutually-identified countries or regions (partner countries).
The two agencies will also look to facilitate site visits to cross-border projects.
The partnership is also significant in the context of the US-India Joint Strategic Vision for the Asia-Pacific and Indian Ocean Region which the two countries signed in 2015.
MCC: Know More- Formed: January 2004
- Headquarters: Washington, D.C.
- Employees: Around 300 (2011)
- CEO: Dana J. Hyde
- Website: www.mcc.gov
