Property Rights Foundation of America®

News Brief - Summer 2009:

At the U.N., Three of World's Poorest Countries Thank U.S. for Help Streamlining Bureaucracy

The presidents of Tanzania and Burkina Faso and the prime minister of Albania said at the United Nations in September that a U.S. aid agency is having a major impact on the development of their countries by letting recipients of money from the U.S. decide on the best programs to reduce poverty within parameters of good governance, economic freedom, and investments in their citizens. The funds that the three countries received are from the Millennium Challenge Corporation created by Congress in 2004 to fight global poverty. The corporation distributed over $7.3 billion to 38 countries in Africa, Asia, Europe, and Central America. Albanian Prime Minister Sali Berisha said, "I would like to thank U.S. Government and U.S. Taxpayers for their very generous help." The prime minister said that Albania used part of the money to streamline the lengthy, bureaucratic and corrupt system for registering a business with the government, which "has changed the climate for business in my country." Associated Press, as reported in the Post-Star, Glens Falls, N.Y.

Back to:
International Property Rights Regulatory Abuse of Small Business - New York PRFA Home Page

© 2009 Property Rights Foundation of America ®
All rights reserved. This material may not be broadcast, published, rewritten or redistributed without written permission.