As indicated in the Trump administration’s skinny budget released in March, the FY18 budget request incorporates the idea of transitioning the Foreign Military Financing (FMF) program from grants to loans.
CGD Policy Blogs
My earlier post on congressional funding for multilateral institutions betrayed little optimism about the Senate’s willingness to restore devastating funding cuts imposed by the House of Representatives. I had no idea.
The newly released Senate funding levels are just barely an improvement over the House’s draconian cuts, slashing the president’s multilateral budget in half. When cuts of 50 percent mark an improvement, you know you’re in trouble.
We at CGD warmly welcome president-elect Barack Obama's appointments of Timothy Geithner as Secretary of Treasury and Lawrence Summers to head the National Economic Council. Both are members of the CGD Board of Directors. This is no coincidence.
Recently DfID, the British aid agency, issued the third White Paper in its series on Eliminating World Poverty, this one focused on Making governance work for the poor. Yesterday I was privileged to join a panel at the IMF where Mark Lowcock, DfID's Director General for Policy and International, gave an overview of the immensely ambitious and wide ranging Paper and the rationale for the commitments it makes.