The Millennium Challenge Corporation’s (MCC) Board of Directors will meet on December 9 to determine which countries will be eligible for the agency’s FY2020 funds. Every year CGD’s US Development Policy team explores the central issues surrounding MCC’s annual eligibility decisions.
CGD Policy Blogs
Africa’s huge market potential—the new Africa Continental Free Trade Agreement (AfCFTA) makes it the world’s largest free trade area—and the strategic dynamics created by China’s deepening presence on the continent are drawing growing attention, along with big promises of new foreign investment.
The Women’s Global Development and Prosperity Initiative (W-GDP) is only five months old, but it’s already talking about impact. White House advisor Ivanka Trump is pointing to the recent passage of a new marriage law in Cote d’Ivoire—which she encouraged during her April visit to the country—as an example of the potential impact W-GDP can have.
Prosper Africa Promises to Double Two-Way Trade and Investment between the US and Africa: But What’s the Starting Point?
Outlining a new vision for expanding private sector activity between the United States and Africa, the Deputy Secretary of Commerce and the USAID Administrator announce plans to double two-way trade and investment between the US and Africa.
A full 879 days into the Trump administration—more than 500 with a nominee awaiting confirmation —and following five changes in acting leadership with four different acting agency heads, the Millennium Challenge Corporation finally has a new CEO.
Earlier this month, bipartisan coalitions in the House and Senate introduced legislation to improve the coordination of US government efforts to tackle the root causes of state fragility and violent extremism. If the bills advance, the House and Senate will need to reconcile a few key differences, related to funding levels; which funds to establish; and how to select focus countries, among other things. There are also some bigger picture questions that Congress and the implementing agencies will need to grapple with as the legislation (hopefully) moves forward.
PEPFAR has long enjoyed bipartisan support on the Hill. Yet, it has not been spared from significant cuts in President Trump’s latest budget request for foreign aid. It is noteworthy that this administration’s three successive budget requests have proposed increasingly large cuts to PEPFAR’s funding. If past is prelude, a cut of this magnitude is unlikely to materialize in any final spending bill.