The Millennium Challenge Corporation (MCC) will immediately exit projects around the world, from building roads to modernizing electricity grids, likely leaving the works under construction unless other partners step in.

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    Founded in 2004 under former president George W. Bush with bipartisan support, [Millennium Challenge Corporation] signs contracts for US investment in developing countries that meet standards on economic transparency and good governance. MCC has since invested $17 billion with numerous prominent projects underway.

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