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CGD Policy Blogs

 

International Affairs Budget Headed for More Trouble and Why That’s Bad for Development

Yesterday the House Appropriations Committee released a draft bill that sets spending for international affairs (that’s both diplomacy and development) at levels 14 percent below the request and 5 percent below last year’s appropriations bill.  Today, the State and Foreign Operations Subcommittee approved those spending levels. Advocates are worried, but they might want to save the hand-wringing for what could be a disastrous end-of-year scramble.

MCC Terminates Mali Compact

The Millennium Challenge Corporation’s (MCC) board of directors has terminated Mali’s compact following the late-March military coup. The five-year, $460 million compact will end at least one month earlier than expected. Portions of the Bamako airport and Alatona irrigation projects won’t be finished.  And barring a major turn of events, the investments won’t yield the anticipated returns: two million beneficiaries and an estimated $400 million increase in household income.