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Millennium Challenge Corporation: Progress Made on Key Challenges in First Year of Operations
Our Price:
$
25.00
By
David B. Gootnick (au); Jeanette M. Franzel (au)
Year:
2005
Pages:
102
Binding
Paperback
Product Code:
1422300943
Description
In Jan. 2004, Congress estab. the Millennium Challenge Corp. (MCC) to administer the Millennium Challenge Account. MCC’s mission is to promote econ. growth & reduce extreme poverty in developing countries. MCC must rely on quantitative criteria in determining countries’ eligibility for assistance. MCC will provide assistance primarily through compacts -- agree. with country gov’ts. MCC aims to be one of the top donors in countries with which it signs compacts. For FY 2004 & 2005, MCC received $2.5 billion; for FY 2006, $3 billion. This report monitors MCC’s: (1) process for determining country eligibility, (2) progress in developing compacts, (3) coord. with key stakeholders, & (4) estab. of mgmt. structures & accountability mechanisms. Illus.
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