November 10, 2008
MCC Releases Country Indicator Data Measuring Policy Performance
Washington, D.C. The Millennium Challenge Corporation (MCC) today released country-by-country indicator data measuring the policy performance of 93 developing countries that are candidates for grant assistance from the U.S. Governments Millennium Challenge Account (MCA). This information will help inform the MCC Board of Directors at their upcoming meeting, scheduled for December 11, when they select countries to be eligible for economic development assistance from the agency. No final determination regarding the selection of countries will be made until that date.
The indicator data annually compiled by MCC, and often referred to as the MCC scorecard, includes information about how low income and lower middle income countries have performed on 17 independent, third-party policy indicators in three categoriesRuling Justly, Economic Freedom, and Investing in People. Country performance in these policy areas is one of the key criteria the Board considers in its annual country selection process. The Board also considers MCCs ability to impact growth and poverty reduction, factoring in a countrys capacity, development and political context, its size and economic context, as well as its political will and the availability of funds. For a full discussion of selection criteria, please click here.
Those countries selected as compact eligible have the opportunity to submit a proposal for a multi-year grant program to reduce poverty through sustainable economic growth.Countries selected as threshold eligible, on the other hand, are asked to develop programs that address areas of weakness in their policy performance in order to help them eventually qualify for the larger compact grants.
MCC assistance is designed to provide an incentive for countries to adopt policies that encourage economic growth and poverty reduction. Countries interested in compact and threshold grants are working to enhance their chances of becoming eligible by improving governance, fighting corruption, increasing investments in health and education, and adopting micro- and macro-economic reforms.
Final eligibility decisions will be made public after the MCC Board of Directors meets on December 11, 2008. A public outreach meeting has been scheduled for Friday, December 12, 2008.
To view the country indicator data for fiscal year 2009, click on the following link: http://www.mcc.gov/scorecards.Information for each country is now available in Spanish, French, and Portuguese.
For information on how to read a scorecard, please click the link below: http://www.mcc.gov/selection/scorecards/scorecard.php
For more information about the selection process and the indicators used to measure policy performance, please click on the link below: http://www.mcc.gov/selection/index.php.
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Millennium Challenge Corporation (MCC), a United States government agency designed to work with some of the poorest countries in the world, is based on the principle that aid is most effective when it reinforces good governance, economic freedom, and investments in people that promote economic growth and elimination of extreme poverty.