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WebMemo #2574 on Foreign Aid and Development

August 4, 2009

Foreign Aid: Congress Should Shift USAID Funds to the Millennium Challenge Account

By

Show references in this report

[1]Steven Radelet and William Easterly, "Online Debate: The Effectiveness of Foreign Aid," Council on Foreign Relations, December 1, 2006, at http://www.cfr.org/publication/12077/ (June 30, 2009).

[2]Steven Radalet, "A Primer on Foreign Aid," Center for Global Development, July 24, 2006, at http://www.cgdev.org/content/
publications/detail/8846/
(July 23, 2009).

[3]William Easterly, "Why Aid Doesn't Work," Cato Unbound, April 3, 2006, at http://www.cato-unbound.org/2006/04/03/william-easterly/why-doesnt-
aid-work/
(June 30, 2009).

[4]See, for example, Raghuram Rajan and Arvind Subramanian, "Aid and Growth: What Does the Cross-Country Evidence Really Show?" National Bureau of Economic Research, August 2005, at http://www.nber.org/
papers/w11513
(June 30, 2009).

[6]Millennium Challenge Corporation, "About MCC," at http://www.mcc.gov/about/index.php (June 30, 2009).

[7]Ibid.

[8]Alicia Phillips Mandaville, "MCC and the Long Term Goal of Deepening Democracy," Millennium Challenge Corporation, November 2007, p. 11, at /static/reportimages/92F243C6F7D9047A2BBB51EEF240D10C.pdf(April 29, 2009).

[9]Ibid.

[10]U.S. Senate, "Senate Report 110-425--Department of State, Foreign Operations, and Related Programs Appropriations Bill, 2009,"at http://thomas.loc.gov/cgi-bin/cpquery/?&dbname=cp110&sid=cp110bJg6h&
refer=&r_n=sr425.110&item=&sel=TOC_208361&
(June 30, 2009); press release, "MCC Compacts Totaling $2.55 Billion Enter into Force in September," Millennium Challenge Corporation, September 23, 2008, at http://www.mcc.gov/press/releases/documents/release-092308-
billions.php
(June 30, 2009).

[11]William Easterly and Tobias Pfutze, "Where Does the Money Go?" Journal of Economic Perspectives, Vol. 22, No. 2 (2008), pp. 29-52.

[12]Committee on Appropriations, U.S. House of Representatives, "Summary: 2009 State and Foreign Operations Appropriations," February 23, 2009, at /static/reportimages/6EDDE49BE90CE47FE441AE987DCAB847.pdf (April 6, 2009).

[13]Secretary of State Hillary Clinton, "Secretary Clinton's Testimony on the 2010 Budget Request," testimony before the Subcommittee on State and Foreign Operations, Committee on Appropriations, U.S. Senate, May 20, 2009, at http://www.cfr.org/publication/19463/secretary_clintons
_testimony_on_the_2010_budget_request_may_2009.html
(July 1, 2009).

[14]U.S. Office of Management and Budget, "A New Era of Responsibility: Renewing America's Promise," 2009, p. 88, at http://www.whitehouse.gov
/omb/assets/fy2010_new_era/Department _of _State_and_Other_International
_Programs1.pdf
(July 1, 2009).

[15]MCC, "Selection Indicators."

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