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Description
Benin: rehabilitating the port of Cotonou. Ghana: building packing and storage facilities for export crops. Madagascar: identifying international market opportunities for small businesses.
Each of these foreign aid projects was conceived and planned by the country itself to maximize economic development through trade. Each 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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