Millennium Challenge Corporation
Faculty Mentor: Francis Fukuyama
The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty. Created by the U.S. Congress in January 2004 with strong bipartisan support, MCC is changing the conversation on how best to deliver smart U.S. foreign assistance by focusing on good policies, country ownership, and results. For more info please visit www.mcc.gov.
What is distinctive about MCC?
MCC is a prime example of smart U.S. Government assistance in action, benefiting both developing countries and U.S. taxpayers through:
- Competitive selection: Before a country can become eligible to receive assistance, MCC’s Board examines its performance on independent and transparent policy indicators and selects compact-eligible countries based on policy performance.
- Country-led solutions: MCC requires selected countries to identify their priorities for achieving sustainable economic growth and poverty reduction. Countries develop their MCC proposals in broad consultation within their society. MCC teams then work in close partnership to help countries refine a program.
- Country-led implementation: MCC administers the Millennium Challenge Account (MCA). When a country is awarded a compact, it sets up its own local MCA accountable entity to manage and oversee all aspects of implementation. Monitoring of funds is rigorous and transparent, often through independent fiscal agents.
MCC forms partnerships with some of the world’s poorest countries, but only those committed to good governance, economic freedom, and investments in their citizens.
Position: Economic Analysis Intern, MCC Department of Policy and Evaluation, Economic Analysis Division:
Potential duties include:
- Provide analytical support for MCC economists conducting economic constraints analyses (growth diagnostics).
- Provide technical and analytical support to MCC economists conducting cost-benefit analysis and beneficiary analysis for proposed or re-scoped MCC investments.
- Prepare reports, spreadsheets, data and documentation.
- Develop other materials including factsheets, guides for use of spreadsheets, and other public communications tools.
- Conduct research and analysis in support of other activities within the EA Division and the Department of Policy and Evaluation.
- Background in economics, statistics, or a closely related field
- Minimum of 2 quarters of statistics, econometrics, or similar advanced quantitative coursework.
Desirable Skills Include:
- Experience conducting quantitative research.
- Excellent communication skills with the ability to discuss complex economic and policy issues orally and in writing.
- Knowledge of statistical software, including survey analysis.
- Proficiency in Microsoft Excel, including understanding and creating complex formulas, building graphs and charts, and manipulating large amounts of data.
- Strong organizational skills and ability to work in a fast-paced environment with limited supervision.
- Proficiency in French or Spanish.
***Please note that working for the MCC requires a security clearance. If you are not eligible for a US Security Clearance, then please do not apply for this fellowship. Some general guidelines on security clearances are listed below***
The clearance process generally takes approximately 60-90 days to complete from the time the forms are received by the Bureau of Diplomatic Security (DS). Investigations may take substantially longer than 90 days if a candidate:
- has had extensive travel, education, residence and/or employment overseas
- has dual citizenship, foreign contacts, immediate family or relatives who are not citizens of the United States
- has a foreign-born spouse
- has a security, suitability, or medical issue to resolve (These issues could include a current or past history of drugs or alcohol abuse, as well as a recent history of credit problems.)
Further information regarding issues of dual citizenship and foreign influence is available at careers.state.gov. Although these problems will not necessarily preclude you from receiving a security clearance, they will lengthen the time required to complete the clearance process. A candidate’s preliminary notification of acceptance will include instructions on how to initiate the security clearance electronically. When this letter is received, please complete the online clearance process by the date indicated. This is important! Diplomatic Security may be unable to process your security clearance if you fail to meet that deadline.
- Dual Nationality/Close Family Ties: Dual nationals, recently naturalized, and applicants who have significant and close family ties to a particular country are encouraged NOT to seek an internship in that country. In such cases, there is a strong possibility that the applicant will either not receive the clearance in time to participate in the program, or that they may be denied clearance all together.
- Random Drug Testing: All interns serving in positions that require a clearance for access to information classified as “Secret” or above will be subject to the Department’s random employee drug testing program.