Founded in 2004 under former president George W. Bush with bipartisan support, MCC 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. It will immediately exit projects, from building roads to modernizing electricity grids, likely leaving the works under construction unless other partners step in. Trump has made clear he has limited interest in Africa and that he opposes development aid, which he sees as not directly benefiting the United States, earlier shuttering the US Agency for International Development, a much larger government body.