US Foreign Aid Rules Modified: Prioritizing Need and Impact in Development Assistance.
This Act modifies the criteria for countries to qualify for development assistance from the US Millennium Challenge Corporation (MCC). The primary goal is to ensure that aid is directed to countries with the greatest need and where it can achieve the largest positive impact. It also updates rules regarding income thresholds and general eligibility for receiving US economic support.
Key points
The definition of candidate countries for MCC aid is updated, based on the World Bank's income threshold.
The MCC Board must now prioritize countries based on need and potential impact when determining eligibility for funding.
Clarifies that presidential waivers of other laws can still allow a country to receive MCC assistance.
Expired
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