The Millennium Challenge Corporation is a bilateral United States foreign aid agency established by the U.S. Congress in 2004, applying a new philosophy toward foreign aid. It is an independent agency separate from the State Department and USAID. Headquarters: Washington, D.C. Founder: United States Congress Founded: January 23, 2004 Annual budget: 800 million USD (2018) Agency executive: Brock D. Bierman, Chief Executive Officer (Acting) Employees: ~300 (2011)

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