The Biden administration and the Congress rightly went big in the recently passed American Rescue Plan at a time of tremendous need. The package was appropriately focused on the domestic side, but it did not neglect the rest of the world. One might reasonably ask then why $1 billion or $2 billion could not have been included for fighting the poverty, food insecurity, and health crises driven by the pandemic. That would have amounted 0.05 to 0.1 percent of the total package. And it would have been multiplied many times over in additional poverty reduction dollars, because that it was the MDB model does.
CGD Policy Blogs
USDFC Monitor: Three Things We Hope to Hear from Adam Boehler, the White House’s Nominee to Lead the DFC
President Trump’s pick to lead the new US International Development Finance Corporation (DFC), Adam Boehler, is slated to appear before the Senate Foreign Relations Committee tomorrow. The nomination hearing is an important step toward Senate-confirmed leadership for the new agency, which is scheduled to open its doors October 1.