Topic - Millennium Challenge Corp.

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  • ** FILE ** Former President George W. Bush speaks as President Obama listens during the dedication of the George W. Bush Presidential Center on Thursday, April 25, 2013, in Dallas. (AP Photo/Tony Gutierrez, Pool)

    Bush's Millennium Challenge is still changing the developing world

    It was far from his most expensive initiative, but it may end up being one of his most significant: The Millennium Challenge Corp., which President George W. Bush set up to push foreign countries to better govern themselves, has set a new standard for foreign aid.

  • U.S. ends contracts to foreign-owned firms

    Stung by criticism that American taxpayers are footing the bill for China-owned companies to expand their influence overseas, a government development agency has said it will no longer award contracts to businesses owned by foreign governments.

  • **FILE** Rep. Kay Granger (Associated Press)

    U.S. aid meant to reward reforms goes to countries listed as corrupt

    A groundbreaking, 6-year-old initiative meant to reward developing countries with U.S. aid for good governance and efforts to institutionalize democracy is giving billions of dollars to nations upbraided by the State Department for corruption in government.

  • In September 2009, Senegalese President Abdoulaye Wade gave a $200,000 farewell gift to an International Monetary Fund representative, "in recognition to his contribution to Senegal." (Associated Press)

    For Senegal: U.S. aid, 164-ft. statue

    In April, the president of the poverty-stricken nation of Senegal unveiled what he boasts is the world's "highest statue" — a $24 million bronze artwork called "African Renaissance" that measures slightly taller than the Statue of Liberty.

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