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...economic development through trade. was made possible through an innovative approach to assistance now being pursued by the Millennium Challenge Corporation, or MCC, an agency of the United States Government.
Set up three years ago to help poor countries that take responsibility for their own development, the assistance is selective. Sizeable, multi-year, untied grants are awarded to poor countries that perform better than their peers on 16 indicators of good governance, social sector investment and economic policy. Developing countries take the...
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