Tuesday, November 26, 2002 :::
Bush plans new foreign aid agency
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.
Bush drew the line at corruption. "Corruption is pass-fail. If you can't pass corruption you're presumed ineligible," an official said.
This is a wonderful idea. It'd be even better if we were replacing other "foreign aid" spending, rather than adding to it, but it's a good precedent to set.
::: posted by Steven at 5:12 PM
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