A nice article on the MCC. The Millennium Challenge Corporation (MCC) was established by the Bush administration in order to reward countries that made good policy choices. Think of it as merit-based instead of need based financial aid. This blog post, on state failure, makes a nice companion piece to the article. What exactly do you do when the need for aid occurs because of incompetent governance? In the case of African famines, we generally give aid anyway. Is that the right choice?