Hope To The End
DISTRIBUTION of MONIES
Paying the 3rd world to conform to our demands
The only difference between Socialism and Communism is that one is godless and the other pretends to have religion.
Bush plans new Agency to dole out billions in aid
WASHINGTON (Reuters) - President Bush plans to create a new government agency to dole out billions of dollars in foreign aid, forcing the world's poorest countries to compete against one another if they want a share, administration officials said on Monday.
Strict conditions would be set for countries to qualify under the so-called Millennium Challenge Account program aimed at rewarding cash-strapped governments that embrace civil rights, root out corruption, open up their markets and adopt other policies favored by Washington
In fiscal 2004, the world's poorest countries, including Haiti, Nepal and Ghana, could compete for assistance.
The number of eligible countries would expand in the second and third years as program resources grow to a total of $5 billion annually.
Once fully phased in, the Philippines, Jordan, Thailand, Peru and more than 100 other countries could compete for foreign aid, but administration officials expect just 10 to 20 to receive assistance each year under the program.
To win a share of the resources, countries would be ranked based on 16 separate "performance indicators," from civil rights to spending on public health and education.
A country's' "economic freedom" would be judged on its credit rating, inflation, budget deficits, openness to trade and quality of regulatory policies.
To administer the program, Bush will ask Congress to create the so-called Millennium Challenge Corporation. The independent agency would be supervised by a board of directors composed of cabinet-level officials and chaired by Secretary of State Colin Powell (news - web sites).
Officials said the new agency would directly employ around 100 people and draw heavily on the expertise -- and staff -- of the U.S. Agency for International Development and other federal departments.
The new aid could flow to the countries themselves, as well as nongovernmental organizations and the private-sector. http://story.news.yahoo.com/news?tmpl=story&u=/nm/20021126/ts_nm/bush_aid_dc_3