By Lael Brainard, Carol L. Graham, Nigel Purvis, Steven Radelet, Gayle E. Smith
ISBN-10: 081571114X
ISBN-13: 9780815711148
ISBN-10: 0815711190
ISBN-13: 9780815711193
In March 2002, President Bush introduced the production of the Millennium problem Account (MCA), a bilateral improvement fund representing a rise of $5 billion consistent with 12 months over present tips degrees, to advertise progress in reform-oriented constructing nations. This publication considers the opportunity of the MCA in addition to the bigger content material folks overseas assistance during which the MCA needs to locate its position. whereas the MCA might create incentives for governments to enhance financial guidelines and governance, and increase funding climates, it could possibly additionally upload to the confusion of overlapping overseas suggestions enterprises. The authors urge the management to obviously outline the MCA's position and to deal with the power tensions among international coverage and improvement ambitions - tensions which were made tougher through issues over terrorism and nationwide safeguard. In making tips about the right way to enforce the MCA successfully, this e-book heavily examines prior relief efforts, developments within the US funds for international guidance, the corporations at the moment concerned with administering US improvement coverage, and the ways that congress can effect and verify relief results.
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Extra resources for The Other War: Global Poverty and the Millennium Challenge Account
Example text
The second is how much value is added by the participation of nongovernmental actors in both design and oversight. The answers to these questions determine how much the PRSP process can contribute to resolving critical issues of ownership, institutional capacity, and the relationship between foreign assistance and technical know-how and homegrown policies and efforts. They can also better align expectations of the process—both inside and outside the countries—with institutional capacities. 19 The learning that is occurring in these areas as the PRSPs go forward is invaluable.
3 Who Should Qualify? ”1 The administration subsequently announced the procedure it proposes to follow in determining which countries are meeting these three broad criteria. The proposed methodology is one way to address several key issues central to the MCA, including: —the income levels that will determine the set of eligible countries, —the specific indicators that will be used to show commitment in the three broad areas, —the passing grades on each indicator, and —the method of aggregating across the indicators to determine the list of qualifying countries.
The MCC will reach only a small number of countries, leaving other donors to play the leading role in roughly fifty countries whose poverty is sufficiently severe to warrant inclusion in the World Bank’s International Development Association (IDA). If a genuine objective of the MCC is to strengthen the way the aid business works more generally, then it will need to leverage its influence in the countries in which it operates with the efforts of other donors in countries where it does not. Cooperating via the PRSP process is an obvious channel for doing that.
The Other War: Global Poverty and the Millennium Challenge Account by Lael Brainard, Carol L. Graham, Nigel Purvis, Steven Radelet, Gayle E. Smith
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