UNITED STATES OF AMERICA - Millenium Challenge Corporation

Donor: 
Bilateral
Geographical focus: 
Global
Thematic focus: 
Tourism in general
Intro text: 
The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty. Created by the U.S. Congress in January 2004 with strong bipartisan support, MCC is changing the conversation on how best to deliver smart U.S. foreign assistance by focusing on good policies, country ownership, and results.

Official website

https://www.mcc.gov/

Who can apply?

MCC forms partnerships with some of the world’s poorest countries, but only those committed to:

    good governance,

    economic freedom,

    and investments in their citizens.

For a country to be selected as eligible for an MCC assistance program, it must demonstrate a commitment to just and democratic governance, investments in its people, and economic freedom as measured by different policy indicators. MCC looks at several elements in choosing selection indicators. They include:

    Development by a third party,

    Linkage to policies that the government can influence within a two to three year horizon,

    Linkage—theoretically or empirically—to economic growth and poverty reduction,

    Use of an analytically rigorous methodology and objective and high-quality data,

    Broad country coverage and comparability across countries,

    Consistency in results from year to year

Objectives and activities

MCC’s mission is to reduce poverty through economic growth.

Type and level of funding

Investment programs in the countries (development investments more effective and sustainable when they reflect the countries’ priorities and strengthen government’ accountability)