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Stephen Gaull – Senior Operations Advisor on the Finance, Investment and Trade team at the Millennium Challenge Corporation (MCC) – is responsible for originating and implementing projects involving public-private partnerships (PPP), blended finance, private sector development, and public-sector management & governance at MCC. He also works on water and power sector reform projects, including utility turnaround and strengthening. He previously led the MCC teams that closed a US$507 million Compact with Mozambique and a US$110 million Compact with Cabo Verde. He also originated MCC’s first-ever Build-Operate-Transfer project on a PPP basis, the US$223 million expansion of the As-Samra wastewater treatment plant in Jordan to which MCC provided a viability gap funding grant of $93 million, which helped mobilize $110 million in private debt and equity. In addition, serves as the MCC liaison to the Public-Private Infrastructure Advisory Facility, a multi-donor trust fund at the World Bank, and the U.S. Water Partnership, a public-private platform for collaboration on global water issues.
Stephen has worked in finance and development since 1988, covering Latin America, Africa, and Asia. He has worked on private and public investment programs from a wide variety of vantage points, including project sponsor, lender, financier, and advisor. Prior to MCC, he worked at Aegis Capital Corporation, a start-up business development company; Export-Import Bank of the U.S.; Bechtel Enterprises; World Bank; and International Finance Corporation.
He speaks fluent Portuguese and Spanish. He received his M.B.A. from Georgetown University, M.A. from Columbia University, and B.A. from Swarthmore College. Stephen is married with two sons.