In December, MCC’s Board of Directors will meet to determine which countries will be eligible for FY2015 funding. While the agency’s annual country scorecards won’t be ready for a few months, updated corruption and democracy data are available now.
CGD Policy Blogs
MCC’s Board of Directors is meeting on September 17*. On the agenda: a number of things we’ve been thinking about a lot lately!
Yesterday, the Government of Ghana signed its second compact with the Millennium Challenge Corporation (MCC).
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”).
Let’s talk about second compacts. Increasingly, MCC seems to be moving in this direction. In the last five years, of the eleven countries selected as eligible to develop an MCC compact, eight had already completed (or were close to completing) an initial MCC compact.
Yesterday, the Senate confirmed the nomination of MCC CEO Daniel Yohannes to represent the United States in the Organization for Economic Cooperation and Development. Yohannes’ impending departure from MCC leaves a big gap in the agency’s top leadership until the Senate confirms the White House nominee, Dana Hyde, as new CEO.
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.
Congress recently passed an omnibus appropriations bill providing funding for the remainder of Fiscal Year (FY) 2014. MCC received $898 million and a finger-shaking from Congress about the agency’s threshold program, communicating to MCC through a couple of different provisions, “we don’t like the countries you’ve picked.” While I also disagree with some of MCC’s recent choices for the threshold program, it’s too bad for the MCC to lose some of its flexibility, and I’m rather troubled by the precedent of Congress using legislation