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Multilateral Development Banks: Current Authorization Requests (CRS Report for Congress)

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Release Date May 3, 2005
Report Number RS22133
Report Type Report
Authors Jonathan E. Sanford, Foreign Affairs, Defense, and Trade Division
Source Agency Congressional Research Service
Summary:

The Administration has asked Congress to authorize U.S. participation in three newfunding plans for multilateral development bank (MDB) concessional aid programs. Intotal, the three plans would authorize the appropriation of $1.2 billion annually for theseprograms, a small increase in the amount currently authorized for these programs. TheAdministration states that it has been very successful in its efforts to promote policyreform or procedural change in the MDBs.