New paper on aid transparency by Millennium Challenge Corporation

The Millennium Challenge Corporation have published a new assessment paper in a self-analysis of their aid effectiveness levels.

The assessment, Can Aid Agencies Follow Best Practices?, was based on the work of Easterly and Puftze who, in their 2008 paper: Where Does the Money Go? Best and Worst Practices in Foreign Aid, created a framework for assessing the performance of foreign assistance institutions which includes aid transparency practices.

The Millennium Challenge Corporation’s assessment also highlighted the limitations of Easterly and Puftze’s paper suggesting ways that the index could be improved, including: “using rigorous and detailed mechanisms for quantitatively measuring the impact of […] aid and […] cost effectiveness” and reporting “this information to the public”.

Access the MCC assessment paper here.

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