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On December 12, the Millennium Challenge Corp. (MCC) Board will choose which countries are eligible for FY2008 funding in what may be the toughest selection round to date. With funding tight, new countries passing the performance test, half of the countries with signed compacts failing, and an MCC decision to shift its focus to implementation, this round should test the MCC's adherence to its principles and perhaps set new standards. As it does each year, the MCA Monitor team takes a hard look at tough choices and predicts which countries the MCC Board is likely to choose.
On August 31, 2004, the Millennium Challenge Corporation (MCC) announced some modest changes in the process it will use to select countries for MCC eligibility in FY 2005. This note examines the new set of indicators and the countries most likely to qualify in round two.
This note explores the countries most likely to be selected for FY07 eligibility for the Millennium Challenge Account. The authors also discuss key issues the Board will face this year, including deciding eligibility for the four countries with signed compacts that do not pass the indicator test. Most controversially, the authors think it is highly likely that the Board will select both Indonesia and Jordan, but they do not believe that either would be an appropriate choice.
As the first country to sign a compact with the Millennium Challenge Corporation, Madagascar has been the global guinea pig for the MCA approach. Its early experience offers important lessons for countries following in its path - both about the real challenges of program administration, and the real potential of the MCA as a source of transformation and innovation.
On September 23, 2005 Malawi signed a funding agreement with the MCC under the MCA's Threshold Program. Malawi was only the second threshold country to reach this step, and the first to reach agreement on a proposal that tackles the thorny issues of corruption and financial management.