October 6, 2010
MCC Scores Well on New Quality of Aid Assessment
Washington, D.C.â€”The U.S. Governmentâ€™s Millennium Challenge Corporation (MCC) receives high marks in a new comprehensive quality of aid assessment developed by the Center for Global Development and the Brookings Institution that evaluates donor countries and agencies on four dimensions of aid quality.
The first annual Quality of Official Development Assistance (QuODA) assessment compares the aid quality of 31 donor countries and multilateral agencies, as well as 152 individual development agencies. The four dimensions of aid quality measure whether donors maximize efficiency; foster institutions in recipient countries; reduce administrative burdens; and support transparency and learning by sharing useful data on aid spending.
Below are key findings from the QuODA assessment that relate to MCC:
â€¢ MCC scores in the top third of all agencies in three of the four quality of aid dimensions.
â€¢ MCC explicitly considers governance and poverty among its criteria for selectivity. The QuODA indicators suggest that in practice the MCC does well on governance selectivity.
â€¢ MCC develops its programs in close consultation with recipient governments and therefore scores well on fostering institutions.
The new study confirms MCCâ€™s unique approach to development. The QuODA assessment notes that, â€œThe U.S. Congress and the Obama Administration are aware of the challenge of reforming U.S. aid. The Millennium Challenge Corporation has provided an example of some ways to do better, especially with respect to fostering country institutions and ensuring country ownership of programs.â€
â€œMCC commends CGD and the Brookings Institution on a truly innovative and comprehensive assessment of foreign assistance. It is this kind of study that allows institutions and agencies to improve based on concrete data and metrics,â€ said MCC Chief Executive Officer Daniel W. Yohannes. â€œWe are pleased that MCCâ€™s approach to delivering financially- and development-effective assistance is recognized in the assessment. MCC is committed to applying lessons learned to our rigorous, integrated and transparent approach to accountable development assistance.â€
For additional information please visit www.cgdev.org.
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Millennium Challenge Corporation, a U.S. Government agency designed to work with developing countries, is based on the principle that aid is most effective when it reinforces sound political, economic, and social policies that promote poverty reduction through economic growth. For more information, please visit www.mcc.gov.
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