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July 30, 2004

Whither Development Assistance? An Analysis of the President's 2005 Budget Request

This note reviews the President’s 2005 international affairs budget request and offers insight into the potential MCA allocations in the context of the broader development assistance budget. The authors note that requested funding for the MCA is lower than promised and may be indirectly coming at the expense of existing development assistance programs.

Rikhil Bhavnani
September 12, 2002

On Eligibility Criteria for the Millennium Challenge Account

This paper defines two distinct and overarching objectives for the MCA and proposes 12 criteria for assessing recipient country eligibility. The authors recommend that the MCA be targeted to the poorest countries that are eligible for World Bank grants and concessional loans.

Ruth Levine , Sarah Lucas and Sonal Shah
May 1, 2002

Guiding Principles for Design and Implementation of the MCA

This paper defines seven principles to guide the design and implementation of the Millennium Challenge Account" (MCA), a new compact for development announced by President Bush in March. It assumes that MCA resources will be targeted to low-income countries that have limited, if any, access to private capital markets for sovereign debt, and for whom borrowing from the World Bank and other multilaterals is limited; and that the MCA will be an additional program to those already financed and administered by the U.S. government, which have related but not identical objectives, and affect a set of countries that is not necessarily the same.

Sarah Lucas and Sonal Shah
April 20, 2002

How Does The Proposed Level of Foreign Economic Aid Under the Bush Budget Compare with Historical Levels? And What Would Be The Effects of Bush's New "Millennium Challenge Account"?

This paper examines trends in U.S. non-military global aid and how the administration’s proposed budget for fiscal year 2003 would affect those trends. The analysis addresses how the overall level of proposed aid compares with past levels and examines three standards for measuring aid over time: aid as a percentage of total government outlays, aid as a percentage of the economy, and aid in inflation adjusted terms.