Millennium Challenge Act Law and Legal Definition

The Millennium Challenge Act (Act) is a federal legislation that was created in 2003. The main objective of the Act is to reduce global poverty through promoting sustainable economic growth. The Act establishes the Millennium Challenge Corporation (MCC) for meeting the millennium development goals of the United Nations.[22 CFR 1300.1]. The Act facilitates in making partnerships between MCC and eligible poor countries.

The Act recognizes a poor country as eligible only if it is committed to the following principles :

1. The country should have a commitment to promote political pluralism, equality, and the rule of law;

2. The country should have a commitment to respect human and civil rights, including the rights of people with disabilities ;

3. The country should have a commitment to encourage citizens and firms to participate in global trade and international capital markets;

4. The country should have a commitment to promote private sector growth and the sustainable management of natural resources;

5. The country should have a commitment to promote broad-based primary education; and ;

6. The country should have a commitment to strengthen and build capacity to provide quality public health and reduce child mortality.