In 2003, an estimated 3 million people died of HIV/AIDS globally. In May of that year, galvanized by the growing number of preventable deaths given the availability of an effective medicine, the President’s Emergency Plan for AIDS Relief—PEPFAR—was signed into law.
CGD Policy Blogs
While reflecting on DFC’s progress in implementing its core development mandate, and confronting the challenges posed the COVID-19 pandemic, we reached out to Senator Chris Coons (D-DE), a lead sponsor of the BUILD Act and a member of the Senate Foreign Relations Committee. We asked Senator Coons for his take on how the newest US development agency is faring and what he hopes to see in DFC’s future.
Whether a COVID-induced expansion of cash transfers can set the stage for increased use of cash as a broader development tool remains to be seen.
Not DFC’s Best Kodak Moment: Five Questions About the Development Agency’s First Domestic Investment
DFC’s first domestic DPA loan is an opportunity to have a fresh look at the program and raise a new round of questions for the agency.
While the vast majority of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law late last week is devoted to domestic response and relief, the measure does include modest supplemental foreign aid funding and pending authorizations for international financial institutions to support the international response. These provisions, combined with the foreign aid funding provided as part of the initial supplemental legislation, are important.