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Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
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Research
MCC MONITOR ANALYSIS
July 25, 2007
In this analysis, Steve Radelet reviews the Millennium Challenge Account’s (MCA) foundational tenets of country selection, ownership and organization. He also identifies some concerns, particularly the proposal to include lower-middle income countries at a later date; the statistical difficulties w...
MCC MONITOR ANALYSIS
July 25, 2007
Recent discussions surrounding the Millennium Challenge Account (MCA) proposal suggest that it seeks to address two somewhat distinct goals in the general area of foreign aid: increasing aid volume and making aid more selective. This brief comment seeks to clarify the nature of these goals and sugge...
MCC MONITOR ANALYSIS
July 25, 2007
In March 2002 President Bush proposed establishing the "Millennium Challenge Account"(MCA), a new foreign aid program designed to provide substantial assistance to low-income countries that are "ruling justly, investing in their people, and encouraging economic freedom." The MCA could bring about th...
MCC MONITOR ANALYSIS
July 25, 2007
This note examines how countries are selected to receive funding under the Millennium Challenge Account. The authors argue that while the Millennium Challenge Corporation’s proposed selection process is a reasonable starting point, there are several simple steps that could be taken to improve the sy...
MCC MONITOR ANALYSIS
July 25, 2007
In this MCA Monitor analysis, Steve Radelet uses the MCC’s recently-released data to predict which countries are most likely to qualify for funding from the Millennium Challenge Account during the first year. The MCC Board is expected to meet in early May to officially announce the countries that wi...
MCC MONITOR ANALYSIS
July 25, 2007
On May 6, the Millennium Challenge Corporation announced the selection of 16 countries eligible to apply for funding under the Millennium Challenge Account. This note examines the seven cases in which the Board used its discretion to either include countries that did not meet the indicators test, or...
MCC MONITOR ANALYSIS
July 25, 2007
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 t...