The FY17 State and Foreign Operations spending bill brought good news for the Millennium Challenge Corporation (MCC) with big implications for its operations. New authority to engage in concurrent compacts in a single country would enable MCC to operate on a regional level, and provisions adjusting the criteria MCC uses to select partner countries could influence where MCC works. These are reasonable (even good!) ideas in theory, but the proposed eligibility requirement gives me some pause and could be challenging to apply in practice.
CGD Policy Blogs
While recent aid transparency buzz has largely revolved around the latest donor rankings, MCC (always a top ranked donor) has been busy quietly raising the transparency bar yet again. The latest display of commendable openness? A concise report on closeout economic rate of return (ERR) for 94 projects in 10 compacts, as well as compiled data on original ERRs for 45 projects in 11 open compacts.
Publish What You Fund launched their fourth annual Aid Transparency Index (ATI) today. The overall finding is that while many donors have made a number of international aid transparency commitments, the majority are falling short and not publishing useful information.
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”).