Millennium Challenge Corporation: Projected Impact of Vanuatu Compact Is Overstated
Description:
Testimony issued by the Government Accountability Office with an abstract that begins "In January 2004, Congress established the Millennium Challenge Corporation (MCC) for foreign assistance. Congress has appropriated almost $6 billion to MCC. As of March 2007, MCC had signed almost $3 billion in compacts with 11 countries, including a 5-year, $65.7 million compact with Vanuatu. MCC states that the Vanuatu compact will have a transformational effect on the country's economy, increasing per capi…
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Date:
July 26, 2007
Creator:
United States. Government Accountability Office.
Item Type:
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