Georgia is making progress in its performance on the policy benchmarks used to determine eligibility for investments of U.S. assistance, according to a Millennium Challenge Corporation (MCC) press release.
Georgia entered into a USD 295 million U.S. aid program as part of the Millennium Challenge Account (MCA) in 2005.
?Georgia has continued to adopt dramatic anti-corruption reforms even after being selected as an MCA-eligible country, as well as improvements in political rights, civil liberties, immunization rates, fiscal policy,? the press release says.
Sixteen indicators that measure a country?s performance against its peers in areas of ?Ruling Justly?, ?Investing in People? and ?Economic Freedom? are used by MCC to determine whether countries are eligible for funding from the Millennium Challenge Account.
?The indicators reflect what we expected. Georgia has been working to improve in all the areas measured by the indicators but especially in the area of controlling corruption,? Colin Buckley, MCC?s Resident Country Director in Georgia, said.
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