In January 2004, the Bush administration established the Millennium Challenge Corporation, an innovative new mechanism for disbursing foreign aid. With billions in new funding and strong bipartisan support, the MCC promised to reward developing nations that practice good governance and respect economic freedom by providing them greater assistance.

How effectively is the MCC working? What lessons have been learned from its first two years in operation? What challenges lie ahead?

Please join AEI for a conference to mark the second anniversary of the MCC and examine its future. Ambassador John J. Danilovich, chief executive officer of the MCC, will deliver the keynote speech, followed by remarks by Ambassador José Brito of the Republic of Cape Verde and a panel discussion. Participants include Maureen Harrington, managing director for Africa at the MCC; Adam Lerrick, professor of economics at Carnegie Mellon University and a visiting scholar at AEI; and Clay Lowery, assistant secretary of the treasury for international affairs; and Sean Mulvaney, former advisor for trade and foreign assistance for Congressman Jim Kolbe (AZ). AEI visiting fellow Roger F. Noriega will moderate.