The World Bank Institute released a new and updated version of its global governance indicators for 2004 for 208 countries and territories. The indicators, which are updated every two years, provide information on six dimensions of governance: rule of law, government effectiveness, voice and accountability, control of corruption, regulatory quality, and political stability. The Millennium Challenge Corporation (MCC) draws on five of the six indicators--all but political stability--as part of the set of 16 indicators it uses to select countries that qualify to submit proposals for Millennium Challenge Account (MCA) funding. This MCA Monitor Analysis assesses the potential impact of these new indicators, along with several other indicators that have recently been updated, on country qualification for FY 2006.
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