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Exploring Policy Alternatives to Excluding State Owned Enterprises (SOEs) From Millennium Challenge Corporation Funded Contracts in Africa

March 2013
ContractUniversity

Abstract

Under the Millennium Challenge Act (MCA) the United States government (U.S.) provides eligible countries , with bilateral assistance to fund poverty alleviation programs and developmental projects through the Millennium Challenge Corporation (MCC). The MCA is a novel approach in U.S. bilateral assistance to developing countries. Even though the MCA does not supplant existing U.S. bilateral assistance programs, it deviates from programs typically implemented under the Foreign Assistance Act, 1961 (FAA) under which assistance is mainly given on compassionate grounds. In contrast, the MCA adopts an accountable and results oriented approach in the selection of eligible countries if they meet certain criteria in their commitment to governing justly, investing in their people and encouraging economic freedom.

Author

Portrait image of Kingsley Osei
Kingsley Osei
Lead Project Counsel, State University of New York, USA

Kingsley Osei is Lead Project Counsel to the New York State Higher Education Consortium Large Scale Renewable Energy Project ("NYHE"). NYHE is a consortium of twenty-one universities and colleges in New York that are load-serving entities on the NYISO power market that will within the next three years transition up to 1000MW (100%) of their power load requirements to renewable energy sources through third-party financed and owned large scale renewable energy projects. https://system.suny.edu/capital-facilities/energy-management/sustainability/ny-he-lsre-large-scale-renewable-energy/

Company

State University of New York

Consortium of twenty-one institutions of higher education in New York transition their energy load of up to 1000MW through the aggregated new build of renewable energy power projects.

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