Annals of aid: Vanuatu and the Millennium Challenge Corporation

07 April 2006 | Helen Hughes and Gaurav Sodhi argue that a new $89 million funding package to Vanuatu provided by the US Millennium Challenge Corporation will do little to address the rampant corruption and economic mismanagement that plague the country. The new US funding incorporates none of the lessons learnt from past aid projects in Vanuatu, and risks becoming yet another tragic misallocation of funds.