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Millennium Challenge Corporation: Analysis of Compact Development and Future Obligations and Current Disbursements of Compact Assistance
David Gootnick (au)
The Millennium Challenge Corp. (MCC), now in its 4th year of operations, provides aid to developing countries that have demonstrated a commitment to ruling justly, encouraging economic freedom, and investing in people. MCC provides monetary assistance to eligible countries through multi-year compact agreements to fund specific programs targeted at reducing poverty and stimulating economic growth. This performance audit assesses: (1) the current status and pace of compact development; (2) projected time frames for the commitment and obligation of MCC’s existing (2004-8) and requested (2009) appropriations; and (3) MCC’s progress in disbursing compact assistance. Illustrations.
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