Publication

This publication discusses the prospects for the US Millennium Challenge Corporation (MCC) under the Obama administration. The authors explain that the MCC, which complements other US development programs, has received wide praise for its innovative approaches to aid allocation and delivery but has not yet reached its full potential. They argue that the MCC should take bold steps to achieve greater effectiveness, clarity of purpose and integration with the broader US foreign assistance framework. To this aim, the authors offer a number of suggestions, including introducing smaller, multiple compacts, reorienting the Threshold Program and focusing exclusively on low-income countries.