The last board meeting of the Millennium Challenge Corporation (MCC) under the Obama administration will take place on December 13, 2016. On the docket? Selecting which countries will be eligible for MCC assistance for fiscal year (FY) 2017. For the fourteenth year running, CGD’s Rethinking US Development Policy Initiative discusses the overarching issues that will impact the decisions and offers its predictions of which countries will be selected.
The Millennium Challenge Corp. (MCC) will soon release performance data that will form the basis of its FY2008 country selection round. The only indicator that countries must pass to qualify for MCC money is Control of Corruption. CGD's Sheila Herrling and Sarah Rose have crunched the numbers for the corruption indicator data and offer an early preview of which countries will clear the hurdle—and which are likely to trip. In early November the MCA Monitor team will release their predictions of which countries will be deemed eligible for Millennium Challenge funding. The MCC Board is scheduled to announce its decision on December 4.
As Congress gears up to allocate some $36 billion in the international affairs budget across a multitude of foreign aid programs, CGD senior policy analyst Sheila Herrling and research assistant Sarah Rose ask whether the MCA should receive the full $3 billion requested by the president for the initiative. The authors applaud the MCA as one of the few U.S. foreign aid programs specifically dedicated to long-term global growth and poverty reduction and argue that reduced funding could jeopardize its core credibility.