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 (1)

Label Occurrences
Millennium Challenge Act of 2003 canonical 1

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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 Bush administration
surface form: George W. Bush administration
country United States of America
surface form: 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 Corporation
surface form: Millennium Challenge Account
jurisdiction United States government
surface form: 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 architecture
surface form: 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 (1)

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

Millennium Challenge Corporation legalBasis Millennium Challenge Act of 2003