Millennium Challenge Account: Implementation of a New U.S. Foreign Aid Initiative

Abstract

In a speech on March 14, 2002, President Bush outlined a proposal for a major new U.S. foreign aid initiative. The program, referred to as the Millennium Challenge Account (MCA), is managed by a new Millennium Challenge Corporation (MCC) and provides assistance, through a competitive selection process, to developing nations that are pursing political and economic reforms in three areas: ruling justly, investing in people, and fostering economic freedom. If fully implemented, the initiative would represent one of the largest increases in foreign aid spending in half a century, outpaced only by the Marshall Plan following World War II and the Latin America-focused Alliance for Progress in the early 1960s.

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 2005
Accession Number
ADA457365

Entities

People

  • Larry Nowels

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Biomedical
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Agreements
  • Civil Rights
  • Commerce
  • Congress
  • Department Of State
  • Environmental Protection
  • Foreign Aid
  • Foreign Policy
  • Foreign Relations
  • Governments
  • Health Services
  • International Organizations
  • Law
  • National Governments
  • Organizational Structure
  • South Asia
  • Sri Lanka

Readers

  • Strategic Security Studies
  • Systems Analysis and Design