Millennium Challenge Account
The Millennium Challenge Account is a program created by The Bush Administration to disperse "development funds" to poor countries based on a series of eligibility criteria. Shortly after touting the account's effectiveness in his 2008 State of the Union Address, President Bush requested a cut in funding of the program down to $2.225 billion from his usual $3 billion request.1
Fast Facts
- Run by: Millennium Challenge Corporation
- Created: January, 2004
- MCC CEO: Ambassador John J. Danilovich
- Eligibility criteria include: Civil liberties, just rule of law, immunization rate and fiscal policy
- Program was also initiated to help fight the spread of AIDS in developing countries
- Some eligible countries include: Armenia, Ghana, Morocco, Nicaragua and Sri Lanka
- Countries that don't quite qualify may be eligible for a "Threshold Program"
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