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Congressional Divide on FY24 US Development Spending Brings More Questions than Answers

Last week’s Senate Appropriations Committee markup revealed a vast gulf dividing the Capitol with respect to development and diplomacy funding for the coming fiscal year. The two chambers’ State and Foreign Operations spending bill toplines are more than $9 billion apart, with the House coming in at $52.5 billion and the Senate at $61.6 billion—differences cutting across a wide range of programs and priorities. In light of such a gap and plenty of policy discrepancies to boot, the fundamen...
World Bank District Of Columbia United States Capitol Hill While The Senate World Bank International
Source: cgdev.org

Three Questions About the World Bank's New Portfolio Guarantee Program | Center For Global Development

At the G20 Finance Ministerial in India on July 17th, World Bank President Ajay Banga announced a new portfolio guarantee program with impressive leverage—$5 billion of donor guarantees that could generate $30 billion in lending over 10 years. This announcement was part of a package of new financial measures, including hybrid capital and better accounting for callable capital. Of this package, we think the portfolio guarantee program is the most promising.
United States South Korea France General United Kingdom Ajay Banga Just Energy Transition Partnership
Source: cgdev.org

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