Multilateral Development Banks: U.S. Contributions FY2000-FY2020 (CRS Report for Congress)
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| Release Date |
Revised Jan. 23, 2020 |
| Report Number |
RS20792 |
| Report Type |
Report |
| Authors |
Jonathan E. Sanford, Specialist in International Trade and Finance |
| Source Agency |
Congressional Research Service |
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Summary:
This report shows in tabular form how much the Administration requested and how much
Congress appropriated for U.S. payments to the multilateral development banks (MDBs) since
2000.
Multilateral development banks provide financial assistance to developing countries in order to
promote economic and social development. The United States belongs to several multilateral
development banks, including the World Bank and four regional development banks (the African
Development Bank, the Asian Development Bank, the Inter-American Development Bank, and
the European Bank for Reconstruction and Development). It also belongs to the North American
Development Bank, which is a binational (U.S.-Mexico) development bank; the International
Fund for Agricultural Development, which focuses on poverty and hunger in developing
countries; and several trust funds administered by the World Bank, which focus on specific global
issues, such as food security and the environment.
The United States appropriates funding on an annual basis to various multilateral development
banks and related funds. In FY2018, U.S. appropriations for MDB programs totaled $1.5 billion.
Most of the FY2018 funding (about 90%) went to the concessional lending facilities at the
MDBs, which provide grants and low-cost loans to the world’s poorest countries. Congress also
provided funding for the African Development Bank, IFAD, and the Global Environmental
Facility (GEF), administered by the World Bank.
The Treasury Department manages U.S. participation in the MDBs, and the Administration’s
request is submitted as part of Treasury International Programs. For FY2019, the Administration
has requested $1.4 billion for the MDBs and related funds. Most of the funding would go to the
concessional lending facilities at the World Bank, the African Development Bank, and the Asian
Development Bank. It would also provide funding for the African Development Bank. The
Administration has proposed cutting U.S. contributions to IFAD and reducing U.S. contributions
to the GEF.
For further information about the MDBs and relevant U.S. policy process, see the following CRS
reports:
CRS Report R41170, Multilateral Development Banks: Overview and Issues for
Congress, by Rebecca M. Nelson;
CRS Report R41537, Multilateral Development Banks: How the United States
Makes and Implements Policy, by Rebecca M. Nelson and Martin A. Weiss;
CRS In Focus IF10144, The Global Environment Facility (GEF), by Richard K.
Lattanzio; and
CRS Report R44890, Department of State, Foreign Operations, and Related
Programs: FY2018 Budget and Appropriations, by Susan B. Epstein, Marian L.
Lawson, and Cory R. Gill
