Science Fair Project Encyclopedia
Millennium challenge account
The Millennium Challenge Account (MCA) is a bilateral development fund created by the Bush Administration in 2002. Through this program, the administration proposes to permanently increase United States foreign aid funding by $5 billion by 2005 through a new government agency, the Millennium Challenge Corporation (MCC). Countries will be selected on a competitive basis through a set of 16 indicators designed to measure a country’s effectiveness at ruling justly, investing in people, and fostering enterprise and entrepreneurship.
- Millennium Challenge Corporation Official Website
- Challenging Foreign Aid: A Policymaker's Guide to the Millennium Challenge Account
Last updated: 05-28-2005 12:43:14
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details