Bolivia Makes Millenium Challenge List Written on November 15, 2004, by Eddie.
Bolivia is one of 16 countries that have qualified to receive aid from the Millenium Challenge Corporation for the coming year. Because of its place as one of the world’s poorest countries and because it shows sign of stability (in comparison with places in complete chaos), Bolivia can stand to receive grant money from the estimated $2.5 billion dollar pot.
Countries eligible must submit proposals outlining specific projects that the money will be used towards. However, the basis on which countries will be approved will be how sound their economic policies are (i.e. making sure the hydrocarbons law doesn’t radically change). From the MCC website:
Reward Good Policy: Using objective indicators, countries will be selected to receive assistance based on their performance in governing justly, investing their citizens, and encouraging economic freedom.
Privatization?
Nevertheless, this is a great opportunity to have a bit more leverage so that governments and politicians can improve efficiency and reduce corruption. But on the other hand, this is the type of coercion that the IMF and World Bank employ, essentially making decisions for the governments in exchange for aid.
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hm, I thought the Millenium Challenge Acct. were through USAID and the USG. I’ll check it out.
Jaime Moreno should play for Bolivia mayb they will have at least a chance of getting the 5th spot