Extracts are below. Full post linked here.
The Millennium Challenge Corporation (MCC) board of directors made three big decisions at its recent quarterly meeting. Most importantly, the Board endorsed a number of changes to the MCC’s selection system and criteria. The new system incorporates improved data and learning from the MCC over the past nine years but also calls into question the MCC’s historic commitment to clarity and an equal emphasis on a country’s commitment to rule justly, invest in its people, and encourage economic freedom.
The MCC’s new system takes into account a number of CGD’s recommendations but falls short on maintaining clarity. The revised selection process (link here) incorporates the following changes to the indicators and the rules that govern them.
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