4th Anniversary of Millenium Challenge Corporation
The CEO of the Millenium Challenge Corporation (MCC),Ambassdaor Danilovich, spoke at a press conference marking its fourth anniversary. The MCC was created by congress in order to further “smart aid,” which is development assistance that is based on the performance of the partner countries. The idea is to produce tangible results in the fight against global poverty. Danilovich also said that it’s the best way to sustain the positive impacts after the aid has ended. He outlined the three main principles of MCC: 1) Partner countries go through a significant review process and only countries with good polices will receive aid. 2) Partner countries must develop and implement their own path out of poverty. 3) Partner countries must identify from the outset what goals the aid will bring about.
You can read the full text here on the U.S. Department of State’s website.
The Millenium Challenge Corporation is in charge of the Millenium Challenge Account (MCA), which receives funds assigned annually by Congress.
Learn more about the MCC and the MCA on the Center for Global Development’s MCA Monitor Blog or on the MCC’s website.
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February 6th, 2008 at 8:46 pm
Immigrant workers in the US are estimated to remit around 33 billion dollars. If that amount represents 15 percent of what those immigrants earn one could say that this, not withstanding that the US benefits from it too, that it amounts to a de facto 220 billion dollars development program a year…more than twice the size of the outstanding loans of the World Bank… after more than sixty years of operations.
In this respect I have always wondered why US programs like that of MCC do not team up much more directly with what could be their true development partners namely the emigrant/immigrant workers from the developing countries.
February 9th, 2008 at 8:11 pm
I don’t think it’s very helpful to re-post press releases and self-congratulatory news conferences about supposed “smart” aid organizations without examining whether the releases are accurate and in this case, whether the aid is really “smart”. For a critical look at the Millennium Challenge Corporation, scroll down to the middle of my webpage to the title “BILLIONS Earmarked For Relief Go Unspent As People DIE” at http://tinyurl.com/2ve4ss . You’ll also find there links to recent critical articles about the MCC such as the New York Times article entitled “U.S. Agency’s Slow Pace Endangers Foreign Aid” published just two months ago. This information certainly reveals that MCC’s 4th anniversary is not an occasion for celebration. And their press conference should have been one in which they were demonstrating how they’ve reversed their incompetence despite the same people being at the helm.
Angie
www.WhatNewsShouldBe.org