U.S. Agency’s Slow Pace Endangers Foreign Aid

U.S. Agency’s Slow Pace Endangers Foreign Aid - New York Times:

"The Millennium Challenge Corporation, a federal agency set up almost four years ago to reinvent foreign aid, has taken far longer to help poor, well-governed countries than its supporters expected or its critics say is reasonable.

The agency, a rare Bush administration proposal to be enacted with bipartisan support, has spent only $155 million of the $4.8 billion it has approved for ambitious projects in 15 countries in Africa, Central America and other regions [...]"