| PERFORMANCE GOAL 1 |
|
Institutions, laws, and policies foster private sector growth, macroeconomic stability, and poverty reduction |
| I/P #1: DEVELOPMENT STRATEGIES |
|
Devise coherent country, regional, and global development strategies to ensure bilateral and multilateral development assistance advances economic stability/integration in the global economy. |
| FY Results History | 2000 | Baseline: 4.78 |
|---|---|---|
| 2001 | 4.81 | |
| 2002 | Data not yet available; expected in July 2004. | |
| FY 2003 Data |
2003 Results | Data not yet available. |
| Target | Increase in average Growth Competitiveness Index. | |
| Rating | N/A | |
| Impact | N/A |
| FY Results History | 2000 | N/A |
|---|---|---|
| 2001 | N/A | |
| 2002 | Baseline: The President announced the MCA. Agreement on indicators for MCA allocation. | |
| FY 2003 Data |
2003 Results | Onset of program is delayed until Congressional action. |
| Target | Obtain Congressional support and legislative authorization for the MCA. Choose countries for initial MCA funding and establish an administrative mechanism. | |
| Rating | Significantly Below Target | |
| Impact | Congressional delay on passage of authorizing and implementing legislation for the MCA has prevented funding and staffing of the Millennium Challenge Corporation (MCC), the entity tasked with making the MCA operational. However Congress is expected to pass necessary legislation by January 2004 and the Administration has made plans for MCC to be fully functional shortly thereafter. Target should be reached in the first half of FY 2004. | |
| Other Issues | Reason for Significant Performance Target Shortfall: Congress did not enact authorizing and implementing legislation for MCA in FY 2003, thus delaying initiation of the MCA program. The Department worked closely with congressional members and staff on the MCA concept so as to enable passage by January 2004. The Department has also worked to ensure a quick start-up of the MCC once legislation has passed. |
