Thursday, December 19, 2024

Foreign aid 1

A lot of nations in the world don't have the blessings we take for granted ("Blind to it") in America. Just one of them is the strength of our economy and its abundance of wealth. We'd like to see the whole world more prosperous, with every material need satisfied. 

So that's how "foreign aid" is justified and how Americans generally see it. 

Maybe you wonder how it works. Some of it goes through Millennium Challenge Corporation, which the U.S. congress initiated in 2004. Here's why it exists: "MCC’s mission is to reduce poverty through economic growth."

Their core values sound truly great: creativity, teamwork, high standards, measurement of outcomes, accountability, respect, and more. 

How much does this agency give away? Here's a list of 52 nations it has helped through what they call "compacts," five-year agreements about what the poorer nation will receive from us if they agree to certain requirements.

Some examples: Uganda $45 million, Peru $36 million, Nepal $500 million, Mongolia $350 million, Indonesia $600 million, Niger $443 million. 

(cont'd tomorrow)

No comments:

Post a Comment