Yesterday, the Government of Ghana signed its second compact with the Millennium Challenge Corporation (MCC).
CGD Policy Blogs
CGD and the Brookings Institution recently released the third edition of the Quality of Official Development Assistance (QuODA), a joint venture that measures donor performance across a series of aid quality indicators to encourage governments, institutions, and agencies to disburse more effective, transparent, and efficient assistance.
The Millennium Challenge Corporation’s (MCC) board of directors approved a second compact for El Salvador almost a year ago, but the agency has yet to set a date for the signing.
We’re getting closer to knowing how the USG spends its foreign assistance dollars. Recently, the State Department announced its first release of foreign assistance data on the ForeignAssistance.gov website (also known as “The Dashboard”).
The President’s FY2015 budget request is out and it looks good for MCC. With a base budget ask of $1 billion, this is the highest request the Millennium Challenge Corporation has seen since FY2012. Of course, the request is just the first step of the budget process, so MCC may or may not receive the full amount. But if it does, it would be the largest appropriation for the agency since FY2010.
MCC’s board of directors will meet on December 10 to decide which countries will be eligible for compact and/or threshold program assistance for FY2014. CGD’s Rethink offers a preview of the issues the board will grapple with, as well as a prediction of which countries they will select.
Yesterday, Foreign Policy’s The Cable came out with an article warning that—with the upcoming board meeting to determine which countries will be eligible for MCC funding for FY14—MCC is essentially on the verge of pouring money into the hands of corrupt regimes.
PEPFAR deserves to be commended for its efforts to define key measurable outcomes for its orphans and vulnerable children (OVC) portfolio. Approximately 17 million children worldwide have lost one or both parents due to HIV/AIDS. In response, PEPFAR has earmarked 10% of its annual program funds to help mitigate the psychological and developmental effects this loss can have on children.