June

24
2005

9:30 am EDT - 4:30 pm EDT

Past Event

Environment, Poverty, and the Millennium Challenge Corporation: Leveraging U.S. Aid to Improve Natural Resource Management

Friday, June 24, 2005

9:30 am - 4:30 pm EDT

The Brookings Institution
Falk Auditorium

1775 Massachusetts Ave., NW
Washington, DC

The Brookings Institution conducted a full day conference that examined policy relevant questions concerning U.S. foreign aid and the sustainable management of
natural resources. The event featured Paul Applegarth, MCC Chief
Executive Officer, and Christine Whitman, former New Jersey Governor, Environmental Protection
Agency Administrator and MCC board member.

Background

The MCC has announced that it is reviewing its current procedures in the hope of developing an
indicator of a country’s demonstrated commitment to economic policies that promote the
sustainable management of natural resources. Towards this end, the daylong event will bring
together senior policy makers, environment and development leaders, and well-known experts on
national indicators. Outcomes from the conference will be used to help the MCC carry forward its
policy review.

In 2003, Congress passed legislation creating the MCC and directing it to assist countries that rule
justly, invest in their people, and encourage economic freedom. The MCC determines which nations
are eligible for foreign assistance by comparing national performance in a number of areas such as
corruption, economic policy, education and immunization. These comparisons are done based on
quantitative data and indicators prepared by independent third parties, mainly international
organizations and leading American research institutions. Among the factors the MCC must
consider by law is whether countries manage their natural resources in a sustainable manner.

For information please contact Nalin Sahni at [email protected].