Millennium Challenge Corp. cites imposition of anti-corruption measures
The Bush administration's new supplemental foreign aid agency, the Millennium Challenge Corp. (MCC), reports that some developing countries are adopting reforms to meet the corporation's grant eligibility requirements -- even before the corporation awards its first grants.
In a November 2 press release, the MCC said its poverty-reduction indicators have influenced a number of governments to take measures to remedy corruption and support entrepreneurs.
Countries have shown commitment to reforms, MCC's Applegarth says
The Millennium Challenge Corporation (MCC) has selected seven countries to receive its help to improve their policies and have a better chance of qualifying for multi-year targeted aid from the Millennium Challenge Account (MCA), says Paul Applegarth, MCC's chief executive.
Testifying October 5 before the Senate Foreign Relations Committee, Applegarth said the 2004 "threshold" countries are Albania, East Timor, Kenya, Sao Tome and Principe, Tanzania, Uganda and Yemen.
Secretary of state outlines three pillars of U.S. development policy
Secretary of State Powell says economic development in poor countries remains a complex and difficult task but inextricably linked to achieving a more democratic and secure world.
In September 30 remarks to the Bretton Woods Committee conference in Washington, Powell described Bush administration policy aimed at promoting development with the understanding that no single formula fits all countries.
This site is produced and maintained by the U.S. Department of State's Bureau of International Information Programs.
Links to other internet sites should not be construed as an endorsement of the views contained therein.
