A Better Way to Fight Global Poverty: Broadening the Millennium Challenge Account

Sperling, Gene B.; Hart, Tom

doi:10.2307/20033500

Cited by 11 publications

(4 citation statements)

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“…Several arguments in favour of a multilateral approach are laid out most clearly by van de Walle (2003) and Sperling and Hart (2003). First, a multilateral approach would be less cumbersome and confusing to recipient countries that are overwhelmed by the myriad proposal processes, financial mechanisms and reporting systems used by different donors.…”

Section: Conclusion: a Unilateral Approachmentioning

confidence: 99%

Development Finance in the Global Economy: The Road Ahead

Addison¹,

Mavrotas²

2008

Development Finance in the Global Economy

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Section: Conclusion: a Unilateral Approachmentioning

confidence: 99%

Development Finance in the Global Economy: The Road Ahead

Addison¹,

Mavrotas²

2008

Development Finance in the Global Economy

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“…The main arguments in favour of a multilateral approach for the MCA are laid out by van de Walle (2003) and Sperling and Hart (2003). First, a multilateral approach would be less cumbersome and confusing to recipient countries that are overwhelmed by the myriad proposal processes, financial mechanisms and reporting systems used by different donors.…”

Section: A Unilateral Approachmentioning

confidence: 99%

The Millennium Challenge Account: Transforming US Foreign Assistance Policy

Radelet¹

2004

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, US President George W. Bush proposed establishing a new 'Millennium Challenge Account' (MCA) that would provide substantial new bilateral US foreign assistance to a select group of low-income countries that are 'ruling justly, investing in their people, and encouraging economic freedom'. In principle, the MCA could bring about the most fundamental changes to US aid policies since the Kennedy administration. The MCA's significance lies partly in its scale, since the $5 billion target annual budget proposed by Bush would represent a nearly 50 percent increase over current US aid. Even if the $5 billion target is never fully reached-and it seems unlikely that it will, given current US budget realities-the MCA will lead to a significant increase in US aid in the near future. Perhaps even more importantly, however, the new program brings with it the opportunity to improve significantly how the US delivers its foreign aid. Traditional foreign aid programs around the world have been criticised for a variety of reasons, including the following:

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“…En ce qui concerne l'aide e ´trange `re, plusieurs arguments favorables a `l'approche multilate ´rale sont explicite ´s clairement par Van de Walle (2003) et Sperling & Hart (2003). En premier lieu, une approche multilate ´rale apparaı ˆtrait moins maladroite et moins confuse aux pays be ´ne…”

Section: Une Approche Unilate ´Raleunclassified

Le Millennium Challenge Account peut-il transformer la politique d'aide américaine ?

Radelet¹

2003

Revue d'Économie Du Développement

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A Better Way to Fight Global Poverty: Broadening the Millennium Challenge Account

Cited by 11 publications

References 0 publications

Development Finance in the Global Economy: The Road Ahead

Development Finance in the Global Economy: The Road Ahead

The Millennium Challenge Account: Transforming US Foreign Assistance Policy

Le Millennium Challenge Account peut-il transformer la politique d'aide américaine ?

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