What is the premise of the millennium challenge account?

The premise of the Millennium Challenge Account is centered around the idea of providing additional U.S. foreign aid to countries that demonstrate commitment to sound economic policies and good governance. The goal is to focus on sustainable development, which includes promoting economic growth and reducing poverty.

Countries eligible for funding must meet specific criteria, such as implementing policies that promote accountability, democracy, and transparency. This method not only incentivizes reform in recipient countries but also aims to utilize U.S. resources more effectively by investing in those nations that are committed to improvement and have demonstrated progress.

Other answer choices do not accurately capture the essence of the Millennium Challenge Account's goals. The concept of creating an international consortium, forgiving debt, or spurring direct U.S. investment is not the main focus of the program, which prioritizes aiding countries based on their governance and economic policies.