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Tuesday, Aug 17 2010

Washington Times Examines How Millennium Challenge Corporation Deals With Recipient Country Corruption

The Washington Times examines how the U.S. Millennium Challenge Corporation (MCC), which dispenses U.S. foreign aid "meant to help reduce global poverty by stimulating economic growth," deals with countries that initially pass screening tests, but are later suspected of corruption. The article looks specifically at Senegal, which is scheduled to receive "$540 million over five years [through MCC] to help farmers increase their productivity by improving the irrigation system and rehabilitating roads to help get products to market." The story examines several recent questionable expenditures by Senegal's government, such as the building of a $24 million bronze statue in capital of Dakar.
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