Overview
In a speech on March 14, 2002, President Bush outlined a proposal for a major new U.S. foreign aid initiative. The program, referred to as the Millennium Challenge Account (MCA), is managed by the Millennium Challenge Corporation (MCC) and provides assistance, through a competitive selection process, to developing nations that are pursing political and economic reforms in three areas: ruling justly, investing in people, and fostering economic freedom. If fully implemented, the initiative would represent one of the largest increases in foreign aid spending in half a century, outpaced only by the Marshall Plan following World War II and the Latin America-focused Alliance for Progress in the early 1960s.
- | Author: Larry Nowels
- | Publisher: Bibliogov
- | Publication Date: Jan 29, 2013
- | Number of Pages: 46 pages
- | Binding: Paperback or Softback
- | ISBN-10: 1288673221
- | ISBN-13: 9781288673223
