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This week, from November 29th through December 2nd, heads of government and multi-lateral institutions as well as representatives from business, and civil society will convene to evaluate the progress that has been made since world leaders met in Monterrey in 2002 to develop a plan to confront the challenges of international financing for development. Almost seven years later, some progress has been made towards fulfilling the commitments made there, but much is left to be done. In Monterrey, leaders made commitments to mobilize domestic and international resources, increase financial and technical cooperation, improve international trade, and address issues surrounding external debt and systemic challenges to financing international development.
On December 11th, the U.S. Millennium Challenge Corporation (MCC) will announce which countries will be 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 new paper titled "Round Six of the MCA". This event features a discussion with Steve Radelet, Senior Fellow at CGD, who will present the forecast and highlight the key issues the Board will face this year.
Join us for an intimate conversation with Director of U.S. Foreign
Assistance and USAID Administrator Henrietta Fore as she prepares to
pass her torch of elevating development and modernizing foreign
assistance to a new Administration. In a dialogue moderated by CGD
Senior Fellow Steve Radelet, she will reflect upon her role and
experiences as part of the Bush Administration, from her most
significant initiatives and accomplishments to the unfinished agenda for the new team to carry forward. She will share her views on both the challenges and opportunities of implementing a reform agenda for U.S. foreign assistance in the coming years, from managing the impact of the
financial crisis to navigating future reform efforts. As we all prepare
for the upcoming transition to a new Administration, there is much to
learn from the experiences of Director and Administrator Fore.
The Millennium Challenge Corporation (MCC), established by Congress in 2004 to administer a major new U.S. development assistance effort, has undertaken a concerted strategy to address this evaluation gap, sponsoring rigorous independent evaluations of its funded projects so as to build scientifically-valid evidence about "what works." On October 29, the nonprofit, nonpartisan Coalition for Evidence-Based Policy, in collaboration with MCC, will host a forum with leaders of the development policy and research community on MCC's evidence-based approach. The forum's purpose is (i) to discuss the approach, including some initial results and MCC's new web-based effort to make the results public in a transparent and timely way; (ii) to explore whether the MCC approach can help spark rapid, evidence-driven progress in development assistance, similar to that which has transformed other fields such as medicine and U.S. welfare policy; and (iii) to seek input and suggestions on the approach from forum participants.
With the U.S. Millennium Challenge Corp. (MCC) soon to release the scorecards and performance data that form the basis of the FY09 country selection round, Sheila Herrling and Amy Crone examine how countries fare on the control of corruption indicator, the only “hard hurdle” that countries must pass to qualify for MCC money, in this new MCA Monitor Analysis.