Which Countries Will the Millennium Challenge Corporation Choose for Fiscal Year 2009?
On December 11th, the U.S. Millennium Challenge Corporation (MCC) announced which countries are eligible to apply for funding in 2009. With funding tight, few new countries passing the eligibility indicators test, twelve of eighteen countries with signed MCC compacts failing the indicators test, and an uncertain future in the new administration, this year’s selection round will both test the MCC’s adherence to its principles and perhaps set new precedents. CGD’s MCA Monitor team took a hard look at tough choices and predicts which countries the MCC Board is likely to choose for 2009 in a paper titled Round Six of the MCA. This December 2nd, 2008 event featured a discussion with Steve Radelet, Senior Fellow at CGD, who presented the forecast and highlighted the key issues the Board will face this year.
