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The U.S. Millennium Challenge Corporation (MCC) will announce on November 8th which countries will be eligible to apply for funding in 2007. With funding tight, four countries with signed MCC compacts failing the indicators test but pressing for exemptions, and two countries that might be chosen for political purposes, this year's selection round will test the MCC’s adherence to its principles. CGD’s MCA Monitor team took a hard look at tough choices and forecasts which countries the MCC Board is likely to choose for 2007 in a new paper titled “Round Four of the MCA”. This event featured a discussion with Steve Radelet, Senior Fellow at CGD, who presented the forecast and highlighted the key issues the Board will face this year.