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Before his tenure at CGD, Steve was deputy assistant secretary of the U.S. Treasury for Africa, the Middle East, and Asia from 2000 to 2002. He left CGD to become chief economist for the U.S. Agency for International Development.
This is a joint posting with Sheila Herrling
This week the Modernizing Foreign Assistance Network, a fast-growing bipartisan coalition of international development and foreign policy leaders that I am privileged to co-chair, will be sending to the Presidential Transition Team its recommendations for jump-starting the process of strengthening our development programs. A growing number of voices agree that now more than ever, we must substantially bolster our capabilities to fight poverty and create economic opportunities around the world, both through increasing our investments over time and by making these investments much more efficient and effective. Strengthening these programs may well be one of the best investments we can make over the long term to restore global stability, security and prosperity.
In this analysis, Steve Radelet reviews the Millennium Challenge Account’s (MCA) foundational tenets of country selection, ownership and organization. He also identifies some concerns, particularly the proposal to include lower-middle income countries at a later date; the statistical difficulties with requiring countries to pass a survey-based corruption indicator; and the potential coordination problems that may arise with two separate U.S. foreign assistance agencies.
This week the Millennium Challenge Corp. briefed staff-level representatives of its Board on plans to add two new indicators, for Natural Resources Management and Land Rights and Access, to the country eligibility criteria starting with the FY 2008. Expand and Enhance: A Proposal to Strengthen the MCA Eligibility Process When Adding the Natural Resource Indicators, a new MCA Monitor paper by Steve Radelet, Sheila Herrling, and Sarah Rose, offers suggestions about how to incorporate the new indicators into the existing three-part criteria: Ruling Justly, Investing in People, and Economic Freedom.
Liberian President Ellen Johnson Sirleaf described the achievements of her year-old government in recovering from a prolonged civil war and called upon the U.S. and other Liberian partners to drop the debt inherited from past governments, continue security assistance, and step up development assistance, especially road building. "Slowly but steadily we are making our way back. We know we can create a new peaceful, open and prosperous Liberia," said Sirleaf, Africa's first elected female head of state, at an event organized by CGD that marked the start of an official visit to Washington. Learn more
CGD senior fellow Steve Radelet, co-chair of the Modernizing Foreign Assistance Network, shares a surprising new analysis of U.S. aid spending (it has fallen sharply in the past two years!) and explains how the next administration can bolster America’s security and reputation through better investments in reducing global poverty, fighting disease, and creating economic opportunity around the globe.
On Tuesday, June 12, 2007, Steve Radelet testified before the Senate Foreign Relations Subcommittee on International Development, Foreign Assistance, Economic Affairs, and International Environmental Protection on "Foreign Aid Reform: Successes, Failures, and Next Steps."
Even as the tragedy in Asia elicits an outpouring of charity from Americans, it has sparked controversy over whether America is in fact generous. President Bush, Secretary of State Colin Powell, and U.S. Agency for International Development (USAID) chief Andrew Natsios have all asserted that America is generous. What are the facts?
Struggling to recover from years of brutal civil war, Liberia is saddled with $3.7 billion in inherited debt, about 30 times the country's annual export earnings. CGD senior fellow Steve Radelet and others from the Center have been advising Liberian president Ellen Johnson Sirleaf and senior members of her government since December 2005, the month before she took office, on issues such as aid coordination, aid quality, debt relief, poverty reduction and growth, capacity building, and civil service reform. In a new essay, Radelet explains why debt relief for Liberia is both appropriate and urgent.Learn more