Feature Video

China vs. MCC: Two Approaches to Aid

China is a rapidly growing source of aid and investment funds for developing nations, but it is often criticized for being short-sighted in its goals by making few demands on partner governments. It is not clear whether that approach to international development will spur long-term growth, Ambassador John J. Danilovich said in January 2009, days before leaving his post as the Millennium Challenge Corp.'s chief executive. MCC partner countries, on the other hand, get a "good housekeeping seal of approval" that attracts outside investors, Danilovich said.

 

In his interview with Devex, Danilovich also discussed MCC successes and the importance of aid accountability, international aid reform, MCC partnerships and collaborations with civil society, as well as his advice for the next MCC chief.

 

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Oliver Subasinghe
Oliver joined Devex in late 2008 as an international development correspondent and researcher. He previously served as a microfinance fellow for Kiva in Kenya and Uganda. During his tenure, he worked with Kiva’s field partners to improve their operations and governance. Oliver holds a master's in business from the College of William & Mary.