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On December 12th, the U.S. Millennium Challenge Corporation (MCC) announced which countries will be eligible to apply for funding in 2008. With funding tight, new countries passing the eligibility indicators test, nine of sixteen countries with signed MCC compacts failing the indicators test, and an organizational decision to shift its focus to implementation, this year's selection round will both test the MCC's adherence to its principles and perhaps set new standards. CGD's MCA Monitor team took a hard look at tough choices and predicts which countries the MCC Board is likely to choose for 2008 in a new paper titled "Round Five of the MCA".
This event on November 29, 2007 featured a discussion with CGD's Steve Radelet, Senior Fellow, and Sheila Herrling, Senior Policy Analyst, who presented the forecast and highlighted the key issues the Board will face this year.