President Obama named executives to two development organizations on Thursday.
The president tapped Dana Hyde, currently the associate director for general government programs at the Office of Management and Budget, to be CEO of the Millennium Challenge Corporation. The MCC is an independent U.S. foreign aid agency that has approved more than $8.4 billion in grants since its creation in 2004.
The president also nominated Mark Lopes to serve as the United States' director on the Inter-American Development Bank, the leading source of development financing for Latin America and the Caribbean. Lopes currently serves as the deputy assistant administrator of the U.S. Agency for International Development's Latin America and Caribbean bureau.
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