This article is part of an occasional series Devex is producing this year to examine the Millennium Challenge Corporation as it marks its 20th year.
About 20 years ago, the United States government set out to find a new way to do development — one that would hold countries accountable for corruption and good governance — and as then-President George W. Bush said, it would be “linked to greater responsibility from developing nations.”
The result was the creation of the Millennium Challenge Corporation in 2004.