The Keys to an African Economic Renaissance heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
The Millennium Challenge Account: Linking Aid with Economic Freedom heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
The MCAs must not be weighed down with earmarks, prohibitions, andpriorities that don't contribute to development efforts. Instead, the agency chosen to oversee the MCA funds should have thediscretion to target a small number of countries with proven trackrecords in embracing policies that lead to economic growth.
Despite development assistance (often at extremely subsidized interest rates and generous repayment schedules), sub-Saharan Africa has performed dismally on various economic indicators.Developing countries must make their own internal reforms byimplementing policies that promote economic freedom, which, inturn, are known to be associated with higher levels of economicgrowth.