• Share
• Print
• Email

In this policy comment submitted to the Millennium Challenge Corporation (MCC), the Mercatus Center reflects on the first three years of the MCC and evaluates the potential of two proposed "natural resource indicators" as criteria for awarding aid grants to developing countries. The MCC was created in 2003 by policy makers who saw potential to go beyond the failed programs that had characterized sixty years of American international assistance.

The intent of President Bush and the MCC’s framers in Congress in creating the MCC was to make aid conditional solely on pro-growth institutional changes and policies that supported poverty reduction through economic growth. Thus far, the MCC has identified 16 indicators across the three categories outlined in section 607 of the Millennium Cha