Washington, D.C. —The U.S. Government’s Millennium Challenge Corporation (MCC) today released country-by-country indicator data measuring the policy performance of 86 developing countries that are candidates for grant assistance from MCC in fiscal year 2010. The country data will help inform the decisions of the MCC Board of Directors at their quarterly meeting, scheduled for December 9, when they select eligible countries for economic development assistance to reduce poverty through economic growth. No final determination regarding the selection of countries for fiscal year 2010 will be made until the MCC Board meeting.
The indicator data annually compiled by MCC, and often referred to as the "MCC scorecard,â€ includes information about how low income and lower middle income countries have performed on 17 independent, third-party policy indicators in three categories—Ruling Justly, Economic Freedom, and Investing in People. Countries compete against their income peer group on these indicators, which assess the degree to which countries have in place a policy framework that is favorable for the promotion of poverty reduction and sustainable economic growth. 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 MCC’s ability to impact growth and poverty reduction (factoring in a country’s capacity and political and economic context), a country’s political will, and the availability of funding. For a full discussion of selection criteria, please click here.
The countries selected as eligible for compact grant assistance by the Board of Directors have the opportunity to submit a proposal for a five-year grant program to reduce poverty through sustainable economic growth. Countries selected as threshold eligible 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.
Final country eligibility decisions will be made public after the MCC Board of Directors meets on December 9, 2009. A public outreach meeting announcing the Board’s decisions has been scheduled for Thursday, December 10, 2009.
To view the country indicator data for fiscal year 2010, click on the following link: http://www.mcc.gov/mcc/selection/scorecards/score-2010/index.shtml 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/mcc/selection/scorecards/scorecard.shtml
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.
# # #
Millennium Challenge Corporation (MCC), a United States government agency designed to work with developing countries, 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 help eliminate extreme poverty. For more information about MCC, visit www.mcc.gov.