MCC’s mandate is to promote poverty reduction through economic growth in well-performing, poor countries. MCC partners with countries committed to good governance, economic freedom and investing in their people. MCC grants complement other U.S. and international development programs. There are two primary types of MCC grants: compacts and threshold programs. Compacts are large, five-year grants for countries that pass MCC’s eligibility criteria. Threshold programs are smaller grants awarded to countries that come close to passing these criteria and are firmly committed to improving their policy performance. Under Compact programs, MCC asks partner countries to take the lead in identifying and implementing investments that address binding constraints to growth and have good returns in term of poverty reduction. Under both programs, MCC applies a rigorous and transparent approach to measuring results. MCC is managed by a chief executive officer, who is part of the nine-member Board of Directors. The Secretary of State, the Secretary of the Treasury, the U.S. Trade Representative, and the USAID Administrator serve on the board along with four private sector representatives.