The Millennium Challenge Account: Hearing Before the Committee on International Relations, House of Representatives, One Hundred Eighth Congress, First Session, March 6, 2003, Volume 4

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Page 12 - to borrow from the International Development Association (IDA), and which have per capita incomes below $1,435 'the historical IDA cutoff), will be considered. This is currently 74 countries. In FY05, all countries with incomes below $1,435 will be considered, which adds another 13 countries. In FT06, all countries with incomes up to $2,975—the current World
Page 13 - 5) Rule of Law: This index attempts to measure the extent to which people have confidence in and abide by rules of society, the incidence of violent and non-violent crime, the effectiveness and predictability of the judiciary, and the enforceability of contracts.
Page 7 - you, sir. [The prepared statement of Mr. Larson follows:] PREPARED STATEMENT OF THE HONORABLE ALAN P. LARSON, UNDER SECRETARY, OFFICE OF THE UNDER SECRETARY FOR ECONOMIC, BUSINESS AND AGRICULTURAL AFFAIRS, US DEPARTMENT OF STATE Mr.
Page 2 - The President's proposal for a Millennium Challenge Account deserves the support of the Congress. We should embrace the idea of increasing US economic assistance but only to those countries that demonstrate a commitment to human rights, democratic ideals and practices, and investment in people.
Page 14 - faster than more closed economies. 6) Regulatory Quality Rating: The World Bank Institute (see section above on Governing Justly) measures the burden on business arising from, among others, licensing requirements, labor regulations, and bureaucratic corruption. Excessive regulations and their arbitrary application deter investment and raise the cost of doing business, thereby hindering
Page 20 - by Fiscal Year 2006. It is clear that this Administration has taken development off the back burner and placed it squarely at the forefront of our foreign policy.
Page 16 - coordinated United States development strategy. For the first time, we have the opportunity to articulate and implement a US strategy that clearly and accurately defines our different challenges and matches the right tools to address them. MCA will play a critical role in this process as we begin to redefine US development assistance to address the very different challenges we face today than those
Page 4 - a number of endeavors involving economic and business affairs and international energy policy and resources. He has represented the United States overseas in Jamaica, Zaire, and Sierre Leone. Ambassador Larson has a Ph.D. in economics from the University of Iowa, and has attended
Page 4 - on international economic policy and leading the work of the department on issues ranging from trade and aviation to bilateral relations with America's economic partners.
Page 2 - ever, we need to demonstrate what works and what does not. We need to hold accountable those governments and leaders who do not choose the right path of reform. The President's proposal

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