Millennium Challenge Act of 2003

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The Millennium Challenge Act of 2003 is a U.S. law that created the Millennium Challenge Corporation to provide performance-based foreign aid aimed at reducing global poverty and promoting economic growth.

All labels observed (2)

How this entity was disambiguated

Statements (41)

Predicate Object
instanceOf United States federal law ⓘ
foreign aid legislation ⓘ
administeredBy Millennium Challenge Corporation ⓘ
aimsAt low-income countries ⓘ
lower-middle-income countries ⓘ
appliesTo U.S. foreign assistance programs created under the Act ⓘ
associatedWith George W. Bush administration ⓘ
linked to: Bush administration
country United States ⓘ
creates Millennium Challenge Corporation ⓘ
criterionIncludes economic freedom ⓘ
good governance ⓘ
investment in people ⓘ
defines eligibility criteria for Millennium Challenge Corporation assistance ⓘ
emphasizes country ownership of development priorities ⓘ
measurable development outcomes ⓘ
transparency in aid allocation ⓘ
enactedBy United States Congress ⓘ
establishes a Board of Directors for the Millennium Challenge Corporation ⓘ
a new model of U.S. foreign aid based on country performance ⓘ
fundingMechanism Millennium Challenge Account ⓘ
jurisdiction United States federal government ⓘ
language English ⓘ
legalForm public law of the United States ⓘ
objective reward countries that encourage economic freedom ⓘ
reward countries that govern justly ⓘ
reward countries that invest in their people ⓘ
partOf United States foreign assistance framework ⓘ
policyArea development assistance ⓘ
economic development ⓘ
foreign relations of the United States ⓘ
poverty reduction ⓘ
purpose promote economic growth in developing countries ⓘ
provide performance-based foreign assistance ⓘ
reduce global poverty ⓘ
relatedTo Millennium Development Goals ⓘ
U.S. foreign aid reform ⓘ
requires compacts with partner countries ⓘ
measurable results and accountability for aid programs ⓘ
selection of eligible countries based on quantitative indicators ⓘ
signedBy George W. Bush ⓘ
timePeriod early 21st century U.S. foreign policy ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Millennium Challenge Corporation → legalBasis → Millennium Challenge Act of 2003 ⓘ
United States foreign assistance architecture → guidedBy → Millennium Challenge Act of 2003 ⓘ
Millennium Challenge Compacts → governedBy → Millennium Challenge Corporation Act of 2003 ⓘ
linked to: Millennium Challenge Act of 2003
Threshold Programs → legalBasis → Millennium Challenge Act of 2003 ⓘ