WASHINGTON -- Secretary of State Colin Powell calls it the most promising development in foreign assistance in decades. That is quite a claim for a program that has yet to disburse its first dollar. But it is clear that President Bush's Millennium Challenge Account, first proposed 2 1/2 years ago, represents a fresh approach to helping countries overcome economic backwardness.
The fund's premise is simple: If a poor country demonstrates a commitment to govern justly, promotes economic freedom and invests in its people, it may be entitled to U.S. dollars.
In other words, the Bush administration view is that little good comes from pouring aid into a country that pursues bad policies.
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Of 70 countries that meet administration eligibility requirements based on need, 16 made the cut for receiving aid: Armenia, Benin, Bolivia, Cape Verde, Georgia, Ghana, Honduras, Lesotho, Madagascar, Mali, Mongolia, Mozambique, Nicaragua, Senegal, Sri Lanka and the Pacific Island nation of Vanuatu.
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