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CGD Policy Blogs


A Fiscal Cliff for the IFIs?

As Washington waits for a fiscal cliff deal, negotiations on the FY13 appropriations bills are moving. The deal is likely to affect the final numbers in those bills. But barring a series of continuing resolutions, we can expect to see minibuses or an omnibus appropriations bill once a deal is reached. What the State and Foreign Operations appropriations will look like is being negotiated now. And if the House has its way, the US won’t be fulfilling all of this year’s portions of its multi-year commitments for paid in capital to the international financial institutions.