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  • Millennium Challenge Corporation

    Corruption Blocks Influence of Foreign Aid

    Why do some nations that receive U.S. foreign aid year after year never seem to improve, or move beyond the dependency phase? Perhaps the largest reason is corruption. It’s the “pre-existing condition” that keeps many aid recipients from ever recovering. It’s a major obstacle to economic growth, which is why … More

    Congress Tells MCC to Get Back to Basics

    Buried in the 1,582-page, trillion-dollar “omnibus” budget bill for fiscal year 2014 is some very tough language that in essence orders the Millennium Challenge Corporation (MCC) to focus on corruption and demand that aid-receiving countries be held accountable for the outcomes of their economic policies. The report reminds us that … More

    Obama’s MCC Rewards Bad Behavior in El Salvador

    Last week, the U.S. government’s Millennium Challenge Corporation (MCC) approved a five-year, $277 million foreign aid compact with El Salvador. But, as Mary O’Grady reports in The Wall Street Journal, since the ruling FMLN party came to power in 2009, El Salvador has become poorer, less democratic, and less free. … More

    Millennium Challenge Corporation Goes Off Course in Georgia

    The U.S. government’s Millennium Challenge Corporation (MCC) Board of Directors recently approved a five-year, $140 million compact with the nation of Georgia “to increase the quality of human capital by investing in science and technology education and workforce development” with an emphasis on science, technology, engineering, and math (STEM)” and … More

    U.S. Foreign Aid Lacks Transparency, New Study Says

    A new study by the international watchdog group Publish What You Fund finds U.S. foreign aid programs lagging seriously in transparency. According to the organization, transparency is critical for ensuring genuine accountability for results. Of the various U.S. aid organizations, the Millennium Challenge Corporation is the most transparent, with a … More

    Foreign Aid: Coburn Focuses on Economic Growth, Corruption, and Results

    Senator Tom Coburn’s (R–OK) plan to reduce the federal deficit by $9 trillion over the next 10 years includes cuts to the State Department and Foreign Affairs budget of nearly $190 billion. Part of that calculus, in turn, adopts a strategy advocated by The Heritage Foundation to move away from … More