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 <subject>Accountability</subject>
 <subject>Developing countries</subject>
 <subject>Economic analysis</subject>
 <subject>Economic growth</subject>
 <subject>Evaluation criteria</subject>
 <subject>Federal corporations</subject>
 <subject>Financial management</subject>
 <subject>Fiscal policies</subject>
 <subject>Performance measures</subject>
 <subject>Program evaluation</subject>
 <subject>Program management</subject>
 <subject>Program goals or objectives</subject>
 <subject>Program implementation</subject>
 <subject>Cape Verde</subject>
 <subject>Honduras</subject>
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 <title>Millennium Challenge Corporation: Compact Implementation Structures Are Being Established; Framework for Measuring Results Needs Improvement</title>
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<abstract>In January 2004, Congress established the Millennium Challenge
Corporation (MCC) to administer the Millennium Challenge Account.
MCC&apos;s mission is to reduce poverty by supporting sustainable,	 
transformative economic growth in developing countries that	 
create and maintain sound policy environments. MCC has received  
more than $4.2 billion in appropriations, and, as of May 2006, it
had disbursed $22.4 million to four countries whose signed MCC	 
compacts have entered into force. For the first three countries  
with compact entry into force--Madagascar, Cape Verde, and	 
Honduras--GAO was requested to examine (1) key aspects that MCC  
reviewed, and the criteria it used, in its due diligence	 
assessments; and (2) the structures that have been established	 
for implementing the compacts.</abstract>
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 <topic>Accountability</topic>
 <topic>Developing countries</topic>
 <topic>Economic analysis</topic>
 <topic>Economic growth</topic>
 <topic>Evaluation criteria</topic>
 <topic>Federal corporations</topic>
 <topic>Financial management</topic>
 <topic>Fiscal policies</topic>
 <topic>Performance measures</topic>
 <topic>Program evaluation</topic>
 <topic>Program management</topic>
 <topic>Program goals or objectives</topic>
 <topic>Program implementation</topic>
 <topic>Cape Verde</topic>
 <topic>Honduras</topic>
 <topic>Madagascar</topic>
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