Town Hall Meeting Opens Dialogue
on Millennium Challenge Account
Paul Applegarth, CEO Millenium Challenge Corporation
After Presidential nomination and Senate confirmation,
Paul V. Applegarth became the first Chief Executive Officer of the
Millennium Challenge Corporation (MCC) on May 6, 2004. The MCC
administers the Millennium Challenge Account, a groundbreaking
initiative designed to reduce poverty by promoting sustainable
growth in countries that are doing the right thing to help themselves – ruling
justly, investing in their people, and promoting economic freedom.
Mr. Applegarth has concentrated on development throughout his
career in the U.S. government, the World Bank, and the private
Paul Applegarth has lived and worked in developing countries in Asia,
Latin America, Eastern Europe, and Africa. Immediately prior to heading
the MCC, Mr. Applegarth was a Managing Director of Emerging Markets
Partnership (EMP), an asset management firm that specialized in international
private equity and debt investments in emerging markets. He was also
Chief Operating Officer of the Emerging Africa Infrastructure Fund
(EAIF), an innovative public/private sector initiative sponsored by
the British and European governments, which combined public sector
monies with private sector funds and investment skills to develop infrastructure
in sub-Saharan Africa.
Before his tenure at EMP, Paul Applegarth was responsible for several
innovative equity and debt transactions at American Express/Lehman
Brothers. Mr. Applegarth served as the Chief Financial Officer of United
Way of America as a key part of the management team that cleaned up
that organization following a scandal. As a result of his efforts,
The United Way of America returned to operating profitability and after
the turn-around won Financial World magazine’s award
as 1994 Charity of Choice.
Mr. Applegarth’s career in development reaches back to his service
as an army officer in Vietnam, where he headed an advisory team working
to establish schools and train medics in remote parts of the Mekong
Delta. After returning from service and receiving his J.D. and M.B.A.,
he held various leadership positions at the World Bank for a nine-year
period. Paul Applegarth is a graduate of Yale University and Harvard
Law School, and earned an M.B.A. with High Distinction from Harvard
Business School where he was a Baker Scholar. Mr. Applegarth was a
White House Fellow in 1981-82.
Amadou Lamine Ba, Ambassador of Senegal
Amadou Ba became ambassador of Senegal to the United States in the
fall of 2002. His professional expertise and experiences focus on international
development, particularly international agriculture and environmental
issues. Prior to this position Ambassador Ba spent several years teaching
natural sciences and biology. He was co-executive of HDNA (Human Rights,
Democracy, and New Leadership in Africa), an international NGO with
branches in Dakar and Washington. This organization was committed to
strengthening the image of Africa around the world by promoting the
rule of law, good governance, and institutional reform.
Ambassador Ba also was a member of the Executive Bureau of
the US-Africa initiative promoting linkages between Africa and the
US for trade, investment, information technology, education, and
good governance. He also held several consultant positions with USAID
concentrating on international development in Niamey, Republic of
Niger, The Gambia, and Guinea-Bissau. He received his Bachelors of
Science, M.S. and PhD from the Ohio State University.
Mary E. McClymont, President and CEO,
Mary McClymont is the President and Chief Executive Officer of InterAction,
the largest alliance of U.S.-based international development and humanitarian
non-governmental organizations. InterAction’s 160+ members work
in every developing country and enjoy broad support from the American
Public. Under her leadership, InterAction has placed a greater focus
on the effectiveness and coherence of US assistance programs, working
actively to influence the new Millennium Challenge Account Initiative.
Previously, she served at the Ford Foundation, as Senior Director
of the Peace and Social Justice Program, and as Acting Director, Deputy
Director, and Program Officer in the Rights and Social Justice Program.
She also was the National Director for Legalization of the Migration
and Refugee Services, U.S. Catholic Conference; Senior Staff Counsel,
the National Prison Project of the American Civil Liberties Union;
Trial Attorney, Civil Rights Division, U.S. Department of Justice;
and Assistant Director for Corrections, National Street Law Institute,
Georgetown University Law Center. She has an LL.M. in International
Legal Studies from the American University Washington College of Law;
and a J.D. from Georgetown University Law Center.
Richard E. Stearns, President,
World Vision, United States
Richard E. Stearns is the president of World Vision in the United
States. In this role since 1998, he is responsible for overseeing World
Vision’s fundraising, advocacy, church partnerships and domestic
programs, as well supporting the organization’s relief and development
programs in nearly 100 countries.
Stearns began his career in marketing for the Gillette Company. From
1977 to 1985, he held various roles with Parker Brothers Games, culminating
in his appointment as president in 1984. In 1987, he joined Lenox as
a division president and was named president and CEO of Lenox, Inc.
in 1995. In this position, he was responsible for Lenox China and Crystal,
Lenox Collections, Lenox Retail, Gorham Silver, Dansk and Hartmann
Luggage, overseeing six manufacturing facilities, 4,000 employees and
$500 million in annual sales.
In 1998, Stearns felt called to leave his 23-year career as a corporate
executive to become president of World Vision, an organization he and
his wife had supported for more than a decade. Stearns has brought
best practices from the corporate sector to World Vision’s non-profit
environment. Since 1998, World Vision’s revenues in the United
States have risen 75 percent, while overhead has decreased by five
percent. In addition, Stearns has made the fight against the global
AIDS epidemic an organizational priority.
Stearns holds a bachelor’s degree in neurobiology from Cornell
University and a master’s degree in business administration from
the Wharton School at the University of Pennsylvania.