The coup d'état that rocked Honduras in late June and removed democratically elected President Manuel Zelaya from office, sending him into exile in Costa Rica, was preceded by a multi-million dollar build-up of foreign aid from a U.S. agency that includes on its board of directors the president of the International Republican Institute as well as Secretary of State Hillary Clinton.
That taxpayer-funded agency, called the Millennium Challenge Corporation (MCC), oversees a multi-billion dollar foreign-aid fund called the Millennium Challenge Account. It was established in 2004 under the Bush administration as means of combating terrorism by funding development in poor nations under a strict neo-conservative free-trade model.
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