Millennium Challenge Act: Difference between revisions
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The ''' | The '''Millennium Challenge Act of 2003''' established the U.S. mechanism for meeting the [[Millennium Development Goals]] of the United Nations. It created the U.S. Millennium Challenge Corporation (MCC) to administer targeted [[foreign assistance]], judged for effectiveness in improving governance, economic freedom and human capital development. "MCC’s mission is to reduce global poverty through the promotion of sustainable economic growth." <ref name=CFR>{{citation | ||
| title = Millennium Challenge Act of 2003 | | title = Millennium Challenge Act of 2003 | ||
| year = 2003 | | year = 2003 | ||
| publisher = | | publisher = Council on Foreign Relations | ||
| url =http://www.cfr.org/publication/16232/millennium_challenge_act_of_2003.html }}</ref> | | url =http://www.cfr.org/publication/16232/millennium_challenge_act_of_2003.html }}</ref> | ||
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| date = May 1, 2003 | url = http://www.cgdev.org/content/publications/detail/2920/?print=1&id=2920&datatype=5 | | date = May 1, 2003 | url = http://www.cgdev.org/content/publications/detail/2920/?print=1&id=2920&datatype=5 | ||
| publisher = Center for Global Development}}</ref> Within the [[George W. Bush Administration]], it has had problems with execution, as a unilateral U.S. program, and even conflicting with other U.S. programs. <ref name=AAC>{{citation | | publisher = Center for Global Development}}</ref> Within the [[George W. Bush Administration]], it has had problems with execution, as a unilateral U.S. program, and even conflicting with other U.S. programs. <ref name=AAC>{{citation | ||
| title = America at the Crossroads | | title = America at the Crossroads | ||
| author = | | author = Francis Fukuyama | ||
| publisher = Yale University Press | year = 2006 | | publisher = Yale University Press | year = 2006 | ||
| isbn = 0300113994}}, pp. 147-153</ref> | | isbn = 0300113994}}, pp. 147-153</ref> | ||
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*investments in the [[human capital]] of the country, particularly women and children, including programs that | *investments in the [[human capital]] of the country, particularly women and children, including programs that | ||
**promote broad-based [[primary education]]; and | **promote broad-based [[primary education]]; and | ||
**strengthen and build capacity to provide quality | **strengthen and build capacity to provide quality public health and reduce [[child mortality]]. | ||
==Needs it does not cover== | ==Needs it does not cover== | ||
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| title = On the Brink: Weak States and US National Security}}</ref> | | title = On the Brink: Weak States and US National Security}}</ref> | ||
==References== | ==References== | ||
{{reflist|2}} | {{reflist|2}}[[Category:Suggestion Bot Tag]] | ||
Latest revision as of 11:01, 19 September 2024
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 The Millennium Challenge Act of 2003 established the U.S. mechanism for meeting the Millennium Development Goals of the United Nations. It created the U.S. Millennium Challenge Corporation (MCC) to administer targeted foreign assistance, judged for effectiveness in improving governance, economic freedom and human capital development. "MCC’s mission is to reduce global poverty through the promotion of sustainable economic growth." [1] Role in democracy promotionMCC is often seen as one of the democracy promotion activities of the United States, based on the assumption that strengthening governance and economic institutions is a prerequisite for democracy. While it was an innovative method to overcome the limitations of some of the lending policies of organizations such as the World Bank, putting the responsibility on the recipient country rather than the aid agency to define and execute the programs being funded. [2] Within the George W. Bush Administration, it has had problems with execution, as a unilateral U.S. program, and even conflicting with other U.S. programs. [3] EligibilityEligible countries are designated as lower middle income country in the then most recent edition of the World Development Report for Reconstruction and Development published by the International Bank for Reconstruction and Development and has an income greater than the historical ceiling for International Development Association eligibility for the fiscal year involved. A candidate country should be considered to be an eligible country if the Board determines that the country has demonstrated a commitment to:
Needs it does not coverMCA became a flagship of the Center for Global Development's operations. Yet because the MCA was focused on the “good performers,” weak states were understandably left out of the conversation—and in this case, their absence underscored the dearth of strategic thinking on the challenges they posed. [4] References
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