Multilateral Development Banks: Current Authorization Requests

Publication Date: May 2005

Publisher: Library of Congress. Congressional Research Service

Author(s):

Research Area: Banking and finance

Type:

Abstract:

The Administration has asked Congress to authorize U.S. participation in three new funding plans for multilateral development bank (MDB) concessional aid programs. In total, the three plans would authorize the appropriation of $1.2 billion annually for these programs, a small increase in the amount currently authorized for these programs. The Administration states that it has been very successful in its efforts to promote policy reform or procedural change in the MDBs. This report will be updated as the status of the legislation changes in Congress.