1. MCC hammered.
- Subjects
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INTERNATIONAL economic assistance , *POPULATION assistance , *BUSINESS & politics , *PUBLIC welfare , *POOR people , *HUNGER , *STARVATION , *ECONOMICS ,UNITED States federal budget ,DEVELOPING countries - Abstract
The article focuses on U.S. President George W. Bush's foreign aid program known as the Millennium Challenge Corporation (MCC). George W. Bush's flagship foreign-aid programme is under fire. Since 2002, when the president promised to set it up, the Millennium Challenge Corporation has found only four relatively small poor countries to give money to. Last week, the MCC's chief executive, Paul Applegarth, announced that he was quitting. The MCC is unloved by both left and right. A Republican-led House of Representatives sub-committee has just recommended nearly halving its budget, to $1.75 billion next year. American liberals suspect it is part of Bush's conspiracy to conservatise the world. And Europeans mock the MCC as slower, meaner and more ideological than their own aid programmes.
- Published
- 2005