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Blog Post
January 24, 2024
Yesterday marked two decades since President George W. Bush signed into law a consolidated spending bill that carried authorization for the creation of a new innovative US aid agency. The win came nearly two years after the president unveiled his bold vision that centered on “a new compact for globa...
Blog Post
July 27, 2023
Last week’s Senate Appropriations Committee markup revealed a vast gulf dividing the Capitol with respect to development and diplomacy funding for the coming fiscal year. The two chambers’ State and Foreign Operations spending bill toplines are more than $9 billion apart, with the House coming in at...
Blog Post
May 05, 2023
The Senate Foreign Relations Committee this week approved bipartisan legislation that would expand the list of countries the Millennium Challenge Corporation (MCC) can engage while preserving its strict eligibility requirements that demand partners adhere to principles of good governance and uphold ...
Blog Post
March 29, 2023
Javier speaks with Natasha Loder from The Economist and John Burn-Murdoch from The Financial Times about keeping pace with the demand for information during the Covid-19 pandemic, confronting the flood of misinformation and disinformation, and lessons learned on reporting during health emergencies.
Blog Post
March 15, 2023
The COVID-19 pandemic resulted in the deepest global recession since World War II. Countries across the world implemented substantial mitigation measures in response to the economic shock of the pandemic, with the size of the economic stimulus measures averaging about 5.6 percent of GDP. Social pro...
Blog Post
March 09, 2023
Dana Hyde showed tremendous leadership and wisdom as the fourth head of the Millennium Challenge Corporation (MCC), serving for nearly three years during President Obama’s second term. These brief notes on her leadership are our way of providing a tribute to her major contributions to MCC’s effectiv...
Blog Post
March 03, 2023
The COVID-19 pandemic led to a deep global recession as the virus rapidly spread and governments restricted movements. The economic shock was compounded by widespread uncertainty among businesses and concerns about the risks of increasing financial sector distress limiting access to credit.
Blog Post
January 13, 2023
The new year has hardly begun, but fears of a looming recession persist. Pandemic-era increases in health spending are unlikely to continue in low- and middle-income countries. Growing fiscal pressures—such as high debt, increasing interest rates, and declining foreign aid and revenues—bode ominous...