With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
CGD has helped shape the Millennium Challenge Corporation through years of analysis dating back to the creation of its financing mechanism—the Millennium Challenge Account—by President Bush in 2002. Our research has helped guide MCC’s work to reduce poverty through growth and we remain at the forefront of creative thought for how to improve this important lever of US foreign assistance.
The Millennium Challenge Corporation’s (MCC) board of directors is scheduled to meet on December 10. As usual, they will use this end-of-year meeting to vote on which countries will be eligible for MCC assistance for FY2015.
Publish What You Fund launched their fourth annual Aid Transparency Index (ATI) today. The overall finding is that while many donors have made a number of international aid transparency commitments, the majority are falling short and not publishing useful information.
On Tuesday, MCC signed a $277 million compact with El Salvador. It’s been a long road to the finish line for El Salvador with over a year-long wait between compact approval and signing (most countries sign within a month of approval).
In December, MCC’s Board of Directors will meet to determine which countries will be eligible for FY2015 funding. While the agency’s annual country scorecards won’t be ready for a few months, updated corruption and democracy data are available now.
The Millennium Challenge Corporation is a model aid agency in a lot of ways, one of which is its commitment to learning from experience and evidence on what works and what doesn’t when it comes to development programs. Despite that, it still has an egregiously flawed way to deal with the risk of corruption. The MCC takes a slippery and poorly measured concept and puts it to the most blunt of zero tolerance tests: if a country is below the median in its income group on the Worldwide Governance Indicators measure of control of corruption, it doesn’t get a compact.