For IMMEDIATE Release
Accountability & U.S. Foreign Assistance:
Hearing Thursday; Markup of Hyde Proposal in Mid-March
BACKGROUND -- For decades, U.S. taxpayers have underwritten the cost of billions of dollars in foreign assistance, and arguments persist about the effectiveness of this aid in nurturing sustained economic and political reform among the worlds poor underdeveloped nations. In March 2002, President Bush embraced a new approach to foreign assistance that links U.S. generosity to the behavior of countries seeking economic aid. The Millennium Challenge Account would be devoted to projects in nations that govern justly, invest in their people and encourage economic freedom. This linkage between U.S. aid and behavior is long overdue, critics of traditional foreign aid programs argue. Others suggest the well-meaning proposal is unworkable because it requires a long-term vision of the world by the U.S. Government, a vision often sacrificed to the urgent needs of day-to-day diplomacy.
WHAT: Full Committee Hearing: "The Millennium Challenge Account"
WHEN: 10 a.m., Thursday, March 6, 2003
WHERE: 2172 Rayburn House Office Building
WITNESSES: The Honorable Andrew S. Natsios, Administrator, U.S. Agency for International Development; The Honorable Alan P. Larson, Under Secretary for Economic, Business and Agricultural Affairs, Department of State; The Honorable John B. Taylor, Under Secretary for International Affairs, Department of the Treasury.; David Beckmann, President, Bread for the World; Charles MacCormack, President and CEO, Save the Children; Steven Radelet, Senior Fellow, Center for Global Development; and Brett Schaefer, Senior Fellow, The Heritage Foundation.
Questions to be raised during this hearing: